CREATE A JOURNAL ENTRY FOR TRANSACTION F$!$ Follow the guideline and set up of how the journal entry should look like in the $2$nd image below. $2$ journal entries in the $1$st transaction a debit and credit. $3$ journal entries in the $2$nd transaction. $2$ debits and $1$ credit.

Create a Journal Entry for the following!!

May $31$st: Pane sells window panes to customers. Some customers paid in cash, others purchased their goods on account. Pane uses the perpetual meothod to task their inventory.

Cash Sales $ $5,367,000$

Sales on Account $ $40,054,000$

Cost of Goods Sold $$13,250,000$

Record Journal entries for the following question and with the layout of how the journal entries need to be recorded refer to the bottom part of the included image!