Interior Wholesale uses a perpetual inventory system. Journalize the following sales transactions for Interior Wholesale. Explanations are not required.

Jan. $4$: Sold $$12,000$ of furniture on account, credit terms are $\frac{1}{15},\frac{n}{30},$ to Amesbury Furniture Store. Cost of goods is $$6,000.$ 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.

Transactions

Jan. $4$ Sold $$12,000$ of furniture on account, credit terms are $\frac{1}{15},\frac{n}{30},$ to Amesbury Furniture Store. Cost of goods is $$6,000.$

Jan. $8$ Received a $$300$ sales return on damaged goods from Amesbury Furniture Store. Cost of goods damaged is $$150.$

Jan. $13$ Interior Wholesale received payment from Amesbury Furniture Store on the amount due from Jan. $4,$ less the return and discount.

Jan. $20$ Sold $$4,400$ of furniture on account, credit terms are $\frac{1}{10},\frac{n}{45},$ FOB destination, to Springfield Furniture. Cost of goods is $$2,200.$

Jan. $20$ Interior Wholesale paid $$90$ on freight out.

Jan. $25$ Interior Wholesale negotiated a $$400$ allowance on the goods sold on Jan. $20$ to Springfield Furniture.

Jan. $29$ Received payment from Springfield Furniture on the amount due from Jan. $20,$ less the allowance and discount.