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Journal of Merchandising Business Tigger Company is a merchandising company. It held the following transactions during January 2016: Jan 3 Purchasing goods on account from

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Journal of Merchandising Business Tigger Company is a merchandising company. It held the following transactions during January 2016: Jan 3 Purchasing goods on account from Honey Co., $18,530. FOB Destination, the credit term is 2/10, n/30. Jan 5 Purchasing goods on account from Pooh Co., $32,230, FOB Shipping Point, the credit term is 1/10, n/30 and paying transportation cost for $700 by cash. Jan 6 Returning back some goods bought on January 3, 2016 for $3,420. Jan 7 Selling goods to Eeyore Co., for $24.250, the credit term is 2/10, n/30. The cost of goods sold is $8,650. Jan 13 Doing payment to Honey Co. for the goods purchased on January 3, 2016 Jan 15 Doing payment to Pooh Co. for the goods purchased on January 5, 2016 Jan 17 Receiving cash from Eeyore Co. for the goods sold on January 7, 2016. Jan 23 Selling goods on account to Owl Co. for $7,957 with the credit term of 2/10, n/30. The cost of goods sold s $4,252. Jan 26 Receiving goods returned by Owl Co. from the transaction done on January 23, 2016 for $1,230. The cost of goods returned is $960. Jan 31 Receiving cash from Owl Co. for the transaction held on January 23, 2016. Please prepare the Journal Entries of those transactions

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