Journalized Following Transactions

Transactions	Journalizing
	Accounts Title	Debit	Credit
Jan.1, Purchasing Inventory on account by $7000 FOB Shipping Point, Term 2/10, n/30
Jan.2, Paid $400 for freight cost
Jan. 4, Received Credits by $800 for inventory returned
Jan. 6, Sold Inventory to customer on account by $5000 term 3/10, n/30. Sold inventory has a cost of $4500
Jan. 8, They Paid in full the balance of payable from purchasing inventory in Jan.1
Jan. 12, Received all receivable from selling inventory in Jan.6