Journalize the following sales transactions for

Boston Sportswear. Explanations are not required. The company estimates sales returns at the end of each month. (Assume the company uses a perpetual inventory system and records sales at the net amount.

Mar. 1	Boston sold $26,000 of men's sportswear for cash. The cost of goods sold is $15,000.
Mar. 3	Boston sold $68,000 of women's sportswear on account, credit terms are 2/10, n/45. The cost of goods is $35,000.
Mar. 5	Boston received a $5,500 sales return on damaged goods from the customer on March 1. The cost of goods damaged is $2,750.
Mar. 10	Boston receives payment from the customer on the amount due, less discount.

Journalize the sales transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.)

March 1s Boston Sold $26,000 of men's sportswear for cash. cost of goods sold 15,000

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.

Date	Accounts	Debit	Credit
Mar. 1