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?Journalize Loondance ' s July transactions. ( You do not need to record the cost of goods sold or inventory entry or ?entries. )

  ?Journalize Loondance's July transactions. (You do not need to record the cost of goods sold or inventory entry or ?entries.) (Record debits ?first, then credits. Exclude explanations from any journal ?entries.)
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July 2 July 3 Sold $90,000 of merchandise to Odom Jewels on account. Sold $11,000 of merchandise to Babbar Crystals, which paid by credit card. The credit card company charges Loondance a fee of 2% on credit card sales. July 16 Odom Jewels paid the balance of what it owed for the purchase on July 2. July 17 July 19 Sold $85,000 of merchandise to Pagala Stones on account. Pagala Stones noticed that some of the merchandise received was damaged, so it returned $8,000 worth of merchandise to Loondance. July 30 Pagala Stones paid the balance of what it owed for the purchase on July 17.

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