Instructions Longmire & Sons made sales on credit to Alderman Sports totaling $500,000 on April 18. The cost of the goods sold is $400,000. Longmire estimates 3% of its sales to Alderman may be returned. On May 22, 50.000 worth of goods (with a cost of $7,200) are returned by Alderman Assume Longmireuses a perpetual inventory system, Required: Prepare the related journal ontries for Longmire & Sons. DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT