the company records sales at the gross amount. Round all numbers to the nearest whole dollar.$)$

View the transactions.

Start by preparing the entry to record the sales return. Do not update the Merchandise Inventory with this entry. We

$\backslash$table$[[$Date$,$Accounts,Debit,Credit$],[$Jan$.8,$Sales Returns and Allowances,$200,],[,$Accounts Receivable$-$Acton Furniture Store,,$],[,,,]]$

Transactions

Now prepare the entry to update the Merchandise Inventory account for the cost of the returned merchandise$-$cost

$\backslash$table$[[$Date$,$Accounts,Debit,Credit$],[$Jan$.8,$Merchandise Inventory,$100,],[,$Cost of Goods Sold,,$100],[,,,]]$

Jan. $4$ Sold $$18,000$ of furniture on account, credit terms are $\frac{2}{15},\frac{n}{30},$ to Acton Furniture Store. Cost of goods is $$9,000.$

Jan. $8$ Received a $$200$ sales return on damaged goods from Acton Furniture Store. Cost of goods damaged is $$100.$

Jan. $13$ Interior Wholesale received payment from Acton Furniture Store on the amount due from Jan. $4,$ less the return and discount.

Jan. $20$ Sold $$4,600$ of furniture on account, credit terms are $\frac{2}{10},\frac{n}{45},$ FOB destination, to Springfield Furniture. Cost of goods is $$2,300.$

Jan. $20$ Interior Wholesale paid $$50$ on freight out.

Jan. $25$ Interior Wholesale negotiated a $$400$ allowance on the goods sold on Jan. $20$ to Springfield Furniture.

Jan. $29$ Received payment from Springfield Furniture on the amount due from Jan. $20,$ less the allowance and discount.

Jan. $13$: Interior Wholesale received payment from Acton Furniture Store on the amount due from Jan. $4,$ less the re

$\backslash$table$[[$Date$,$Accounts,Debit,Credit$],[$Jan$.13,\backslash$table$[[$Cash$],[$Sales Discounts$],[$Accounts Receivable$-$Acton Furniture Store$]],,17,800]]$