Journalize the following transactions: 201X Jan. 4 Sold merchandise for $300 cash. The cost of merchandise was

Question:

Journalize the following transactions:
201X
Jan. 4 Sold merchandise for $300 cash. The cost of merchandise was $250.
9 Purchased merchandise from Red Co., $3,500, free on board shipping (buyer pays freight); terms 3/10, n/30. Freight to be paid on January 20.
20 Paid freight on January 9 purchase, $70.