Current Attempt in Progress Because Donna 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 Pharoah Supply Co, has approached Donna to become the exclusive distributor of these fine mixers in her state. The current cost of a mixer is approximately $ 920, and Donna plans to sell each for $ 1,840. Donna comes to you for advice on how to account for these mixers. Each appliance has a serial number and can be easily identified In the end, Donna decides to use the perpetual inventory system. The following transactions occurred during the month of January Jan. 4 6 7 9 Bought five mixers on account from Pharoah Supply Co. for $4,600, FOB shipping point, terms n/30. Paid $ 160 freight on the January 4 purchase. Returned one of the mixers to Pharoah because it was damaged during shipping. Pharoah issues Cookie Creations credit for the cost of mixer plus $ 32 for the cost of freight that paid on January 6 for one mixer Bought four mixers on account from Pharoah Supply Co. for $3,680, FOB shipping point, terms n/30. Donna is concerned that there is not enough cash available to pay for all of the mixers purchased. She invests an additional $ 1.600 cash in Cookie Creations. Paid $ 128 freight on the January 9 purchase. Donna 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 $ 90 owed at December 31, 2022. (Donna's assistant earns $7 an hour.) 10 12 17 20 Paid a $ 232 cell phone bill($ 120 for the December 2022 account payable and $ 112 for the month of January). (Recall that the cell phone is used only for business purposes.) Paid Pharoah the amount due from the January 4 purchase. 21 Journalize the January 2023 transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually If no entry is required, select "No Entry for the account titles and enter for the amounts. Record entries in the order displayed in the problem statement.) Date Account Titles and Explanation Debit Credit Jan. 4 Inventory 4600 Accounts Payable 4600 Jan. 6 v 160 Cash 160