Joumalize the following sales transactions for Boston Sportswear. Explanations are not required. The company estimates sales return inventory system and records sales at the net amount) Click the icon to view the transactions.) Jan. 5 Refunds Payable Cash 1.000 1.000 Now prepare the entry to update the Merchandise Inventory account for the cost of the returned merchandise-Cost of goods returned, $5 Date Jan 5 Accounts Debit Credit Choose from any list or enter any number in the input fields and then click All parts showing Joumalize the following sales transactions for Boston Sportswear. Explanations are not required. The company estimates sales return inventory system and records sales at the net amount) Click the icon to view the transactions.) Jan. 5 Refunds Payable Cash 1.000 1.000 Now prepare the entry to update the Merchandise Inventory account for the cost of the returned merchandise-Cost of goods returned, $5 Date Jan 5 Accounts Debit Credit Choose from any list or enter any number in the input fields and then click All parts showing