Try another version of this question Journalize the following transactions for Mars Musical Company. August 3 Mars Musical Company sold $46,600 of merchandise on account to Tiger Company with credit terms of 3/EOM, n/60, FOB shipping point. Cost of merchandise sold was $20,200. August 6 Mars Musical Company paid $1,065 shipping charges to benefit Tiger Company, the charges were added to the bill. August 12 Tiger Company returned $2,560 of damaged merchandise. The cost of merchandise returned was $1,450. August 25 Tiger Company paid the amount owed. Date Description Debit Credit August 3 August 3 August 3 August 3 August 6 August 6 August 12 August 12 August 12 August 12 August 25 August 25 August 25 Date Description Debit Credit August 3 A/R-Tiger Co. 46,600.00 August 3 Sales Revenue 46,600.00 August 3 COGS 20,200.00 August 3 Merchandise Inventory 20,200.00 August 6 A/R-Tiger Co. 1,065.00 August 6 Cash 1,065.00 August 12 Sales Return & Allowance 2,560.00 August 12 A/R-Tiger Co. 2,560.00 August 12 Merchandise Inventory 1,450.00 August 12 COGS 1,450.00 August 25 Cash 43,783.80 August 25 Sales Discount 1,321.20 August 25 A/R-Tiger Co. 45,105.00