13A. Best Buy Computers has the following transactions related to the sale of merchandise inventory (Click the icon to view the transactions) Journalize the transactions for Best Buy Computers assuming that the company uses the perpetual inventory system (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Mar. 1: Sold a computer (cost of $3,600) for $9,000 to a customer. The customer paid cash. The sales price included a one-year service contract valued at $156 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. Accounts and Explanation. Date Mar 1 Debit Credit Now journalize the expense related to the March 1 sale-Cost of Goods Sold, $3,600. Date Mar 11 Accounts and Explanation Debit Credit: 13A. Best Buy Computers has the following transactions related to the sale of merchandise inventory (Click the icon to view the transactions.) Journalize the transactions for Best Buy Computers assuming that the company uses the perpetual inventory system. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Now journalize the expense related to the March 1 sale-Cost of Goods Sold, $3,600 Date Mar 11 Accounts and Explanation Dec 31: Recorded the amount of service contract earned Date Dec 31 Debit Credit Accounts and Explanation Debit Credit More info Mar. 1 Dec. 31 Sold a computer (cost of $3,600) for $9,000 to a customer The customer paid cash The sales price included a one-year service contract valued at $156 Recorded the amount of service contract earned. Print Done