pls check my hw

- X - More info Feb 3 Purchased $3,200 of merchandise inventory on account under terms 3/10, n/EOM and FOB shipping point. 7 Retured $600 of defective merchandise purchased on February 3 9 Paid freight bill of $300 on February 3 purchase. 10 Sold merchandise inventory on account for $4.900 Payment terms were 1/15, n/30. These goods cost the company $2,450 12 Paid amount owed on credit purchase of February 3, less the return and the discount 16 Granted a sales allowance of $200 on the February 10 sale. 23 Received cash from February 10 customer in full settlement of their debt less the allowance and the discount. M Print Done Feb 3: Purchased $3,200 of merchandise inventory on account under terms 3/10, n/EOM and FOB shipping Date Accounts Debit Credit Feb. 3 3200 Merchandise Inventory Accounts Payable 3200 Feb. 7. Returned $600 of defective merchandise purchased on February 3. Date Accounts Debit Credit Feb. 7 600 Accounts Payable Merchandise Inventory 600 Feb. 9: Paid freight bill of $300 on February 3 purchase Date Accounts Debit Credit Feb. 9 Merchandise Inventory 300 Cash 300 Feb. 10 Sold merchandise inventory on account for $4.900. Payment terms were 1/15 n/30. These goods co Feb 10. Sold merchandise inventory on account for $4.900. Payment terms were 1/15 n/30 These goods cost the company $2.450 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 Date Accounts Debit Credit Feb 10 4900 Accounts Receivable Sales Revenue 49001 Now jumalize the expense related to the February 10 sale--Cost of goods 52.450 Date Accounts Debit Credit Feb 10 Feb 12 Paid amount owed on credit purchase of February 3, less the return and the discount Date Accounts Debit Credit Feb 12 Accounts Payable 2450 Purchase Discounts 816 (Casti 2441 8 Feb. 16: Granted a sales allowance of $200 on the February 10 sale a Date Accounts Debit Credit Feb. 16 Feb 23. Received cash from February 10 customer in full settlement of their debt, less the allowance and the discount Date Accounts Debit Credit Feb 23 Cash 4900 Accounts Receivable 4900