Lumen OHM Assessment

Sofie's Socks had the following transactions in May.

May 2 Purchased merchandise on account at a cost of $40,200; terms 2/10,n/30, FOB destination, freight prepaid.
May 12 Sold merchandise on account for $60,200, with terms 2/10, n/30, FOB destination, freight prepaid.
May 16 Paid freight cost on the merchandise sold, $2,000.
May 18 Sophie's Socks was granted an allowance for the amount of $2,660 on the purchase of May 2 because of damaged merchandise.
May 20 Received payment from sale of May 12, less discount.
May 21 Paid the amount due on the purchase of May 2.

Journalize the transactions.

Journal
Date	Description	Debit	Credit
May 2	Purchases	40,200
May 2	A/P		40,200

May 12	A/R	60,200
May 12	Sales Revenue		60,200

May 16	Freight Expense	2,000
May 16	Cash		2,000

May 18	A/P	2,660
May 18	Purchases Returns & Allowances		2,660

May 20	Cash	58,996
May 20	Sales Discounts	1,204
May 20	A/R		60,200

May 21	A/P	37,540
May 21	Cash		37,540