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Annie's Antiques uses a perpetual inventory system. Journalize the following sales transactions for Annie's Antiques. Explanations are not required. (Record debits rst, then credits. Exclude explanations from journal entries. Round all numbers to the nearest whole dollar.) 0 (Click the icon to view the transactions.) Jan. 4: Sold $17,000 of antiques on account, credit terms are 2/15, nl30. Cost of goods is $8,500. 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 Hill 99 on 01 o .0 Now journalize the expense related to the January 4 saleCost of good U) r u Date Accounts Debit Credit Jan. 4 I :I l l Jan. 8: Received a $400 sales return on damaged goods from the customer. Cost of goods damaged is $200. Ml 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 H Debit H Credit Jan. 8 _ Now prepare the entry to update the Merchandise Inventory account for the cost of the returned merchandisecost of goods returned, $200. Date Accounts Debit Credit Jan. 8 I I I || | l|_l|_l Jan. 13: Annie's Antiques receives payment from the customer on the amount due from Jan. 4, less the return and discount. Date I Accounts Debit Credit Jan. 13 I I Jan. 20: Sold $5,400 of antiques on account, credit terms are 3/10, nl45, FOB destination. Cost of goods is $2,700. Begin by preparing the entry tojournalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step. Date Now journalize the expense related to the Jan. 20 sale-Cost of goods, $2,700. Date Accounts Debit Credit Jan. 20 Jan. 20: Annie's Antiques paid $150 on freight out. Date Accounts Debit Credit Jan. 20 Jan. 25: Annie's Antiques negotiated a $900 allowance on the goods sold on Jan. 20. Date Accounts Debit Credit Jan. 25 Jan. 29: Receives payment from the customer on the amount due from Jan. 20, less the allowance and discount. Date Accounts Debit Credit Jan. 29