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Journalize the following sales transactions for Amesbury Boats. Explanations are not required. begin{tabular}{ll} hline Mar. 1 & Amesbury Boats sold $160,000 of boats on account,
Journalize the following sales transactions for Amesbury Boats. Explanations are not required. \begin{tabular}{ll} \hline Mar. 1 & Amesbury Boats sold $160,000 of boats on account, credit terms are 3/15,n/30 to Camping Unlimited. Cost of goods is $80,000. \\ Mar. 12 & Amesbury Boats receives payment from Camping Unlimited on the amount due, less the discount. \\ \hline (Record debits first, then credits. Exclude explanations from journal entries. Assume the company uses a perpetual inventory system and records sales at the gross amount.) \end{tabular} Mar. 1: Amesbury Boats sold $160,000 of boats on account, credit terms are 3/15,n/30 to Camping Unlimited. Cost of goods is $80,000. 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 step
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