Try another version of this question Journalize the following transactions for Mars Musical Company. August 1 Mars Musical Company sold $45,600 of merchandise on account to Tiger Company with credit terms of 3/EOM, n/60, FOB shipping point. Cost of merchandise sold was $22,500. August 5 Mars Musical Company paid $1,198 shipping charges to benefit Tiger Company, the charges were added to the bill. August 10 Tiger Company returned $2,630 of damaged merchandise. The cost of merchandise returned was $1,315. August 25 Tiger Company paid the amount owed. Date Description Debit Credit August 1 August 1 August 1 August 1 August 5 August 5 August 10 August 10 August 10 August 10 August 25 August 25 August 25 Date Description Debit Credit August 1 A/R-Tiger Co. 45,600.00 August 1 Sales Revenue 45,600.00 August 1 COGS 22,500.00 August 1 Merchandise Inventory 22,500.00 August 5 A/R-Tiger Co. 1,198.00 August 5 Cash 1,198.00 August 10 Sales Return & Allowance 2,630.00 August 10 A/R-Tiger Co. 2,630.00 August 10 Merchandise Inventory 1,315.00 August 10 COGS 1,315.00 August 25 Cash 42,878.90 August 25 Sales Discount 1,289.10 August 25 A/R-Tiger Co. 44,168.00