Vintage Treasures uses a perpetual inventory system. Journalize the following sales transactions for Vintage Treasures. Explanations are not required. The company estimates sales returns at the end of each month. (Record debits first, then credits. Exclude explanations from journal entries. Assume the company records sales at the net amount. Round all numbers to the nearest whole dollar.) i (Click the icon to view the transactions.) Jan. 4: Sold $14,000 of antiques on account, credit terms are n/30, to Cove Designs. Cost of goods is $7,000. 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 Jan. 4 Accounts Debit Now journalize the expense related to the January 4 sale-Cost of goods, $7,000. Date Jan. 4 Accounts Credit Debit Credit Jan. 8: Received a $100 sales return on damaged goods from Cove Designs. Cost of goods damaged is $50. Start by preparing the entry to record the sales return and decrease the receivable. Do not update the Merchandise Inventory with this entry. We will do that in the following step. Date Accounts Debit Credit Jan. 8 More info Jan. 4 Sold $14,000 of antiques on account, credit terms are n/30, to Cove Designs. Cost of goods is $7,000. Jan. 8 Received a $100 sales return on damaged goods from Cove Designs. Cost of goods damaged is $50. Jan. 13 Vintage Treasures received payment from Cove Designs on the amount due from Jan. 4, less the return. Jan. 20 Sold $4,300 of antiques on account, credit terms are 2/10, n/45, FOB destination, to Winslow Furniture. Cost of goods is $2,150. Jan. 20 Vintage Treasures paid $140 on freight out to Winslow Furniture. Jan. 29 Received payment from Winslow Furniture on the amount due from Jan. 20, less the discount. Print Done - X