Journalize the following merchandise transactions. Refer to the Chart of Accounts for exact wording of account titles. Jan. 1 6 Sold merchandise on account, $75,650 with terms 2/10,n/30. The cost of the goods sold was $44,450. Received payment less the discount. Refunded $700 to customer for defective merchandise that was not returned. 7 structions hart of Accounts REVENUE ASSETS 110 Cash 410 Sales 610 Rent Revenue 120 Accounts Receivable 125 Notes Receivable EXPENSES 130 Inventory 131 Estimated Returns Inventory 510 Cost of Goods Sold 521 Delivery Expense 140 Office Supplies 141 Store Supplies 522 Advertising Expense 142 Prepaid Insurance 524 Depreciation Expense-Store Equipment 525 Depreciation Expense-Office Equipment 180 Land 190 Equipment 526 Salaries Expense 531 Rent Expense 533 Insurance Expense Chart of Accounts 191 Accumulated Depreciation-Equipment 192 Store Equipment 193 Accumulated Depreciation-Store Equipment 194 Office Equipment 195 Accumulated Depreciation Office Equipment 534 Store Supplies Expense 535 Office Supplies Expense 536 Credit Card Expense 539 Miscellaneous Expense LIABILITIES 710 Interest Expense 210 Accounts Payable 216 Salaries Payable 218 Sales Tax Payable 219 Customers Refunds Payable 220 Unearned Rent VUIS score: 58/101 DATE DESCRIPTION POST. REF DEBIT CREDIT ASSE Jan. 1 Accounts Receivable 74,137.00 f 74.137.00 Sales Jan.6 Cost of Goods Sold Inventory 44,450.00 44,450.00 Accounts Receivable Sales Cost of Goods Sold Inventory VUIS score: 58/101 DATE DESCRIPTION POST. REF DEBIT CREDIT ASSE Jan. 1 Accounts Receivable 74,137.00 f 74.137.00 Sales Jan.6 Cost of Goods Sold Inventory 44,450.00 44,450.00 Accounts Receivable Sales Cost of Goods Sold Inventory