Try another version of this question Journalize the following transactions for Mars Musical Company. July 2 Mars Musical Company sold $48,500 of merchandise on account to Tiger Company with credit terms of 3/EOM, n/60, FOB shipping point. Cost of merchandise sold was $22,100. July 6 Mars Musical Company paid $1,183 shipping charges to benefit Tiger Company, the charges were added to the bill. July 14 Tiger Company returned $2,980 of damaged merchandise. The cost of merchandise returned was $1,255. July 27 Tiger Company paid the amount owed. Date Description Debit Credit July 2 July 2 July 2 July 2 July 6 July 6 July 14 July 14 July 14 July 14 July 27 July 27 July 27 Date Description Debit Credit July 2 A/R-Tiger Co. 48,500.00 July 2 Sales Revenue 48,500.00 July 2 COGS 22,100.00 July 2 Merchandise Inventory 22,100.00 July 6 A/R-Tiger Co. 1,183.00 July 6 Cash 1,183.00 July 14 Sales Return & Allowance 2,980.00 July 14 A/R-Tiger Co. 2,980.00 July 14 Merchandise Inventory 1,255.00 July 14 COGS 1,255.00 July 27 Cash 45,337.40 July 27 Sales Discount 1,365.60 July 27 A/R-Tiger Co. 46,703.00