Homework: Homework Assignment #5 Save Score: 0 of 1 pt 11 of 11 (5 complete) HW Score: 43.18%, 4.75 of 11 pt EF5-23 (book/static) Question Help Antique Mall uses a perpetual inventory system. Journalize the following sales transactions for Antique Mall. Explanations are not required. The company estimates sales returns at the end of each month (Record debits first, then credits Exclude explanations from journal entries. Assume the company records sales at the net amount Round all numbers to the nearest whole dollar) (Click the icon to view the transactions) Jan 4 Sold 516,000 of antiques on account, credit terms are 1/30, to Cavalli Designs. Cost of goods is $8,000 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 Date Accounts Debit Credit Jan 4 O Choose from any list or enter any number in the input Nelds and then click Check Answer 8 parts remaining Clear All Check Answer EI VIR) mv Score43.18% -23 (book/static) Que e Mall uses a perpetual invent returns at the end of each mon ent. Round all numbers to the ng Click the icon to view the transa equired. The comp X mpany records sal * More Info Sold $16,000 of antiques on by preparing the entry to journ do that in the follow Date 4 Sold $16,000 of antiques on account, credit terms are n/30, to Cavalli Jan. 4 Designs. Cost of goods is $8,000 Received a $300 sales return on damaged goods from Cavalli Designs Jan. 8 Cost of goods damaged is $150 Antique Mall received payment from Cavalli Designs on the amount due Jan. 13 from Jan. 4. less the return Sold $4,900 of antiques on account, credit terms are 1/10,n/45, FOB Jan. 20 destination, to White Furniture. Cost of goods is $2,450. Jan. 20 Antique Mall paid $70 on freight out to White Furniture Received payment from White Furniture on the amount due from Jan, Jan. 29 20 less the discount. Print Done se from any list or enter any n Clear All Check Answ parts emaining