following sales transactions occurred during 2018. account will be returned with a cost Auto Supplies Company uses a perpetual inventory system. The f June 30: 1The company estimated approximately $1600 of merchandise sold on of $900. July 3: Sold $30,800 of merchandise on account, credit terms are n/30. Cost of goods is $1 July 7: Received a $750 sales return from the customer. Cost of the goods is $435. July 20: Received payment from the customer. REQUIRED Prepare the necessary general journal entries for Auto Supplies Company using good form. required not Explanations are Date General Journal Credit Debit