The following transactions took place for Macy's in January 2023 in opening its new branch in Queens; record them in the General Journal: Jan. 1 Jan. 2 Jan. 8 Jan. 9 Jan. 11 Jan. 12 Jan. 14 Jan. 21 Invested $ 700,000 cash to start the business. Purchased merchandise on account from Calvin Klein, Invoice # 5544, $ 90,000, terms: 2/10, n/30. Returned defective merchandise to Calvin Klein $ 4,500. Sold merchandise for cash $ 60,000. Sold merchandise on account to International Corporation for $ 90,000. Paid the Calvin Klein invoice # 5544 in full, note terms and the return of merchandise on Jan. 8. The customer International Corp. returned merchandise for $ 5,000. 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