600 is incorrect for Jan 10

Homework: Graded MAL HW #5 [Ch 5] SI 2020 Save Score: 4.54 of 43 pts 1 11 of 17 (6 complete) HW Score: 23.87%, 62.54 of 262 pts Question Help W CP5-49 Continuing Problem (open response Nature Gnome Company is a service based company that rents canoes for use on local lakes and rivers and has the following post-closing balances at December 31, 2018. (Click the icon to view the post-closing balances.) At the beginning of the new year, Nature Gnome Company decided to carry and sell T-shirts with its logo printed on them. Nature Gnome Company uses the perpetual inventory system to account for the inventory. During January 2019, Nature Gnome Company completed the following merchandising transactions: A (Click the icon to view the transactions.) The following T-accounts in the ledger have been opened for you using the post-closing balances from December 31, 2018: A (Click the icon to view the accounts.) Read the requirement Jan. 3 merchandise Inventory 360 - X Accounts payable 360 More Info Jan. Jan. 7: Paid the supplier for the T-shirts purchased on January 3, less discount. (Round to the nearest whole dollar.) Date Accounts Debit Credit - X Jan. 7 accounts payable Requirement 360 cash 353 merchandise inventory 7 Journalize and post the transactions. Compute each account balance, and denote the balance as Bal. Omit explanations. (Assume the company uses the net amount to record sales.) Jan. 8: Realized 12 T-shirts from the January 1 order were printed wrong and returned them for a cash refund. Date Accounts Debit Credit Print Done Jan. 8 cash 24 1 Purchased 15 T-shirts at $2 each and paid cash. 2 Sold 3 T-shirts for $12 each, total cost of $6. Received cash. 3 Purchased 90 T-shirts on account at $4 each. Terms 2/10, n/30. 7 Paid the supplier for the T-shirts purchased on January 3, less discount 8 Realized 12 T-shirts from the January 1 order were printed wrong and returned them for a cash refund. 10 Sold 50 T-shirts on account for $12 each, total cost of $200. Terms 1/15, n/45 12 Received payment for the T-shirts sold on account on January 10, less discount 14 Purchased 110 T-shirts on account at $2 each. Terms 4/15, n/30. 18 Nature Gnome Company called the supplier from the January 14 purchase and told them that some of the T-shirts were the wrong color. The supplier offered a $70 purchase allowance. 20 Paid the supplier for the T-shirts purchased on January 14, less the allowance and discount. 21 Sold 100 T-shirts on account for $12 each, total cost of $235. Terms 2/20, n/30. 23 Received a payment on account for the T-shirts sold on January 21. less discount. 25 Purchased 400 T-shirts on account at $4 each. Terms 4/10, n/30. FOB shipping point. 27 Paid freight associated with the January 25 purchase. $40. 29 Paid for the January 25 purchase, less discount. 30 Sold 300 T-shirts on account for $12 each, total cost of $1,047. Terms 3/10, n/30 31 Received payment for the T-shirts sold on January 30. less discount. merchandise inventory 24 Jan. 10: Sold 50 T-shirts on account for $12 each, total cost of $200. Terms 1/15, n/45. Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step. (Round to the nearest whole dollar.) Date Accounts Debit Credit Jan. 10 accounts receivable 600 sales revenue 600 Print Done Enter any number in the edit fields and then click Check Answer. 15 parts Clear All Check Answer remaining