Because Natalie has had such a successful first few months, she is considering other opportunities to develop her business. One opportunity is the sale of fine European mixers. The owner of Kzinski Supply Co. has approached Natalie to become the exclusive distributor of these fine mixers in her state. The current cost of a mixer is approximately $575, and Natalie would sell each one for $1,150. Natalie comes to you for advice on how to account for these mixers. Each appliance has a serial number and can be easily identified. The trial balance for Continuing Cookie Chronicle as on December 31, 2011 is as follows:

Account	Debit	Credit
Cash	1180
Accounts Receivable	875
Supplies	350
Prepaid Insurance	1210
Equipment	1200
Accumulated Depreciation - Equipment		40
Accounts Payable		75
Salaries & Wages Payable		56
Unearned Service Revenue		300
Interest Payable		15
Notes Payable		2000
Owners Capital		2329
	4815	4815

In the end, Natalie decides to use the perpetual inventory system. The following transactions happen during the month of January.

Jan. 4	Bought five deluxe mixers on account from Kzinski Supply Co. for $2,875, FOB shipping point, terms n/30.
6	Paid $100 freight on the January 4 purchase.
7	Returned one of the mixers to Kzinski because it was damaged during shipping. Kzinski issues Continuing Cookie Chronicle credit for the cost of mixer plus $20 for the cost of freight that was paid on January 6 for one mixer.
8	Collected $375 of the accounts receivable from December 2015.
12	Three deluxe mixers are sold on account for $3,450, FOB destination, terms n/30. (Cost of goods sold is $595 per mixer.)
14	Paid the $75 of delivery charges for the three mixers that were sold on January 12.
14	Bought four deluxe mixers on account from Kzinski Supply Co. for $2,300, FOB shipping point, terms n/30.
17	Natalie is concerned that there is not enough cash available to pay for all of the mixers purchased. She invests an additional $1,000 cash in Continuing Cookie Chronicle.
18	Paid $80 freight on the January 14 purchase.
20	Sold two deluxe mixers for $2,300 cash. (Cost of goods sold is $595 per mixer.)
28	Natalie issued a check to her assistant for all the help the assistant has given her during the month. Her assistant worked 20 hours in January and is also paid the $56 owed at December 31, 2016. (Natalie?s assistant earns $8 an hour.)
28	Collected the amounts due from customers for the January 12 transaction.
30	Paid a $145 utility bill ($75 for the December 2016 accounts payable and $70 for the month of January).
31	Paid Kzinski all amounts due.
31	Natalie withdrew $750 for personal use.

Prepare the January 2017 transactions.