journalize

Campbell Industries sells to wholesalers. Customers must pay within 15 days or at the point of sale using a credit card. Campbell's cost of goods sold is 40% of sales. The company had the following selected transactions during March: (Click the icon to view the transactions.) Read the requirements. - More Info anations from any journal entries.) Requirement 1. Record Campbell's transactions, including the cost of goods sold entry for each sale. (Us March 3: Sold $17,000 of merchandise to Weiden Company on account. Do not record the cost of goods s Journal Entry Date Credit Accounts Accounts ReceivableWeiden Sales Revenue Debit 17000 Mar 3 17000 March 3 Sold $17,000 of merchandise to Weiden Company on account. March 4 Sold $2,500 of merchandise to Yanson Corp., who paid by credit card. The credit card company charges Campbell a fee of 3% on credit card sales. March 5 Weiden Company returned $700 of the merchandise from March 3. March 7 Sold $800 of merchandise to Mcknat, Inc., on account. March 15 Weiden Company paid the balance of what it owed for the purchase on March 3. March 19 Sold $19,000 of merchandise to Zabler Co. on account. March 21 Zabler reported that some of the merchandise received was scratched and returned $1,300 worth of merchandise to Cami Campbell March 23 Sold $34,000 of merchandise to Nailors Co. on account. March 25 Zabler paid the balance of what it owed for the purchase on March 19 March 31 Campbell made the adjusting entries for the month to accrue for estimated future returns. Campbell estimates that 2% of total sales will be returned. Now record the cost of goods sold for the sale of merchandise on March 3. Journal Entry Date Accounts Credit Debit 6800 Mar 3 Cost of Goods Sold Inventory 6800 Requirement 2. Calculate the gross sales revenue for the month. The gross sales revenue for the month is