Journalize the following sales transactions for Salem Sportswear. Explanations are not required. The company estimates sales returns at the end of each month.
Jul. 1 Salem sold $20,000 of men's sportswear for cash. Cost of goods sold is $10,000.
3 Salem sold $62,000 of women's sportswear on account, credit terms are 3/10, n/30. Cost of goods is $31,000.
5 Salem received a $4,500 sales return on damaged goods from the customer on July 1. Cost of goods damaged is $2,250.
10 Salem receives payment from the customer on the amount due, less discount.