Try another version of this question Journalize the following transactions for Mars Musical Company. January 1 Mars Musical Company sold $45,400 of merchandise on account to Tiger Company with credit terms of 3/EOM, n/60, FOB shipping point. Cost of merchandise sold was $22,700. January 6 Mars Musical Company paid $1,069 shipping charges to benefit Tiger Company, the charges were added to the bill. January 10 Tiger Company returned $2,650 of damaged merchandise. The cost of merchandise returned was $1,215. January 25 Tiger Company paid the amount owed. Date Description Debit Credit January 1 January 1 January 1 January 1 January 6 January 6 January 10 January 10 January 10 January 10 January 25 January 25 January 25 Date Description Debit Credit January 1 A/R-Tiger Co. 45,400.00 January 1 Sales Revenue 45,400.00 January 1 COGS 22,700.00 January 1 Merchandise Inventory 22,700.00 January 6 A/R-Tiger Co. 1,069.00 January 6 Cash 1,069.00 January 10 Sales Return & Allowance 2,650.00 January 10 A/R-Tiger Co. 2,650.00 January 10 Merchandise Inventory 1,215.00 January 10 COGS 1,215.00 January 25 Cash 42,536.50 January 25 Sales Discount 1,282.50 January 25 A/R-Tiger Co. 43,819.00