Try another version of this question Journalize the following transactions for Mars Musical Company. May 1 Mars Musical Company sold $49,200 of merchandise on account to Tiger Company with credit terms of 3/EOM, n/60, FOB shipping point. Cost of merchandise sold was $21,900. May 4 Mars Musical Company paid $1,083 shipping charges to benefit Tiger Company, the charges were added to the bill. May 12 Tiger Company returned $2,610 of damaged merchandise. The cost of merchandise returned was $1,400. May 29 Tiger Company paid the amount owed. Date Description Debit Credit May 1 May 1 May 1 May 1 May 4 May 4 May 12 May 12 May 12 May 12 May 29 May 29 May 29 Date Description Debit Credit May 1 A/R-Tiger Co. 49,200.00 May 1 Sales Revenue 49,200.00 May 1 COGS 21,900.00 May 1 Merchandise Inventory 21,900.00 May 4 A/R-Tiger Co. 1,083.00 May 4 Cash 1,083.00 May 12 Sales Return & Allowance 2,610.00 May 12 A/R-Tiger Co. 2,610.00 May 12 Merchandise Inventory 1,400.00 May 12 COGS 1,400.00 May 29 Cash 46,275.30 May 29 Sales Discount 1,397.70 May 29 A/R-Tiger Co. 47,673.00