Journalize the following sales transactions for Frank Sportswear. Explanations are not required. May 1 Frank sold $66,000 of women's sportswear on account, credit terms of 1/10, n/30. Cost of goods is $35,000. 5 Frank received a $5,000 sales return on damaged goods from the customer. Cost of goods damaged is $2,500. 10 Frank receives payment from the customer on the amount due, less the return and discount Joumalize the sales transactions. Explanations are not required. (Assume the company uses a perpetual inventory system. Record debits first, then credits. Exclude explanations from journal entries.) May 1: Frank sold $66,000 of women's sportswear on account, credit terms of 1/10, n/30. Cost of goods is $35,000. 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 May 1 Accounts Debit Credit