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g More info Jull, 3. Sold computers on account for $11,900 to Sleek Auto Store, torms 2/15, n/60. The cost of the computers is $7,140.

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More info Jull, 3. Sold computers on account for $11,900 to Sleek Auto Store, torms 2/15, n/60. The cost of the computers is $7,140. 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 ste0 Now fournalize the expense related to the July 3 sale. 30l. 5. Sold two computors for $2,800 to Ace Hickory. The cost of the computers is $1,680. Hickory paid cuch. Begin by preparing the entry to journalize the sale portion of the transaction. Do not rocord the expense related to the sale. We will do that in the fofforing tieg. Now iournalize the exnense related to the Julv. 5 sale. Jul. 12. Received full payment from Sleek Auto Store on the balance due. Jul. 15. Hickory returned one computer from the July 5 sale. The computer sold for $1,400 and the cost was 5840 . Quad Computers isaked a refund io the oustomar: Begin by recording the refund to the customer. Do not record the relurn of the merchandise inventory yot. Wo will do that in the following step. Now journalize the return of the merchandise inventory from the July 15 return

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