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Solution

Date Account Tittle & Explanation Debit Credit 02/01/2017 Cash ($481X100) $48,100 Sales Revenue ($225X100) $22,500 Unearned Sales Revenue $25,600 Cost of Goods Sold ($174X100) $17,400 Merchandised Inventory $17,400 Date Account Tittle & Explanation Debit Credit 01/07/2017 Cash (200X $225) $45,000 Sales Revenue $45,000 Cash ($586-$225)X200 $72,200 Discount Allowed ($586-($225+308+152))X200 $19,800 Sales Revenue $52,400 Cost of Goods Sold ($174*200) $34,800 Merchandised Inventory $34,800 Date Account Tittle & Explanation Debit Credit 02/01/2017 Cash $48,100 Sales Revenue (100X$225) $22,500 Sales Revenue - Internet Servcie ($481-$225)/3*100 $8,533 Unearned Sales Revenue $17,067 Cost of Goods Sold ($174*100) $17,400 Merchandised Inventory $17,400