The following transactions took place for Macys in January 2023 in opening its new branch in Queens; record them in the General Journal:

Jan. 1 Invested $ 700,000 cash to start the business.

Jan. 2 Purchased merchandise on account from Calvin Klein, Invoice # 5544, $ 90,000, terms: 2/10, n/30.

Jan. 8 Returned defective merchandise to Calvin Klein $ 4,500.

Jan. 9 Sold merchandise for cash $ 60,000.

Jan. 11 Sold merchandise on account to International Corporation for $ 90,000.

Jan. 12 Paid the Calvin Klein invoice # 5544 in full, note terms and the return of merchandise on Jan. 8.

Jan. 14 The customer International Corp. returned merchandise for $ 5,000.

Jan. 21 Received payment from the Customer International Corporation in full for merchandise sold on credit on Jan. 11, note the customer return on Jan. 14.

Required:

General Journal