Assume you are a small merchandiser selling hand-made face masks over the web. Your firm takes orders electronically, accepts credit and debit card payments, and arranges shipment via a third-party warehouse. Describe: (1) how you record sales (what journal), payments (journal), shipment (e.g. sale) and (2) how you transfer your transactions from the journals to the general ledger so that you can generate financial statements. Describe the steps in the financial reporting process in detail.