Try another version of this question Journalize the following transactions for Mars Musical Company. October 3 Mars Musical Company sold $47,700 of merchandise on account to Tiger Company with credit terms of 3/EOM, n/60, FOB shipping point. Cost of merchandise sold was $23,900. October 5 Mars Musical Company paid $1,090 shipping charges to benefit Tiger Company, the charges were added to the bill. October 14 Tiger Company returned $2,750 of damaged merchandise. The cost of merchandise returned was $1,260. October 25 Tiger Company paid the amount owed. Date Description Debit Credit October 3 October 3 October 3 October 3 October 5 October 5 October 14 October 14 October 14 October 14 October 25 October 25 October 25 Date Description Debit Credit October 3 A/R-Tiger Co. 47,700.00 October 3 Sales Revenue 47,700.00 October 3 COGS 23,900.00 October 3 Merchandise Inventory 23,900.00 October 5 A/R-Tiger Co. 1,090.00 October 5 Cash 1,090.00 October 14 Sales Return & Allowance 2,750.00 October 14 A/R-Tiger Co. 2,750.00 October 14 Merchandise Inventory 1,260.00 October 14 COGS 1,260.00 October 25 Cash 44,691.50 October 25 Sales Discount 1,348.50 October 25 A/R-Tiger Co. 46,040.00