journalize the transaction my work first problem second

Question

ournalize the following merchandise transactions. Refer to the Chart of Accounts for exact wording of account titles.

Mar.	1	Sold merchandise on account, $72,500 with terms 2/10, n/30. The cost of the merchandise sold was $43,500.
9	Received payment less the discount.
13	Issued a credit memo for returned merchandise that was sold for $2,300 terms n/30. The cost of the merchandise returned was $1,600.

Sales 71050.00 Credi

Accounts Receivale 71050.00 Debit

Accounts Receivable 43500.00 Credit

Cost of merchandise sold 43500.00 Devit

Merchandise inventory43500.00 Credit

Cash 43500.00 Deit

Cant Answer The last 2 transactions dont know if my accouts is correct

Merchadse Inventory

Estimated Return Inventory

Estimated Return Inventory

Cash

Answer 1

1) Mar 1 Sold merchandise on account, $72,500 with terms 2/10, n/30. The cost of the merchandise sold was $43,500.

Accounts Rec 72,500 debit

Sales revenue 72,500 credit

COGS 43,500 debit

Inventory 43,500 credit

2) Mar 9 Received payment less the discount.

*first calculate the discount (72,500 x 2% = 1,450)

CASH 71,050 debit

Allow discounts 1,450 debit

Accounts Rec 72,500 credit

3) Mar 13 Issued a credit memo for returned merchandise that was sold for $2,300 terms n/30. The cost of the merchandise returned was $1,600.

Sales Returns 2,300 debit

Accounts Rec 2,300 credit

Inventory 1,600 debit

COGS 1,600 credit