Jan. 4: Sold $16,000 of antiques on account, credit terms are 3/15, n/30. 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. Jan. 4. Jan Cost of goods is $8,000. 8Received a $100 sales return on damaged goods from the customer. Cost of goods damaged is $50. 13Annie's Antiques receives payment from the customer on the amount due from Jan. 4, less the return and discount. 20 Sold $4, 800 of antiques on account, credit terms are 1/10, n/45, FOB destination. Cost of goods is $2, 400. 20Annie's Antiques paid $90 on freight out. 25Annie's Antiques negotiated a $600 allowance on the goods sold on Jan. 20. 29 Receives payment from the customer on the amount due from Jan. 20, less the allowance and discount