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Journalize the following sales transactions for Henry's Craft Shop. Explanations are not required. (Assume the company uses a perpetual inventory system and records sales at
Journalize the following sales transactions for Henry's Craft Shop. Explanations are not required. (Assume the company uses a perpetual inventory system and records sales at the net amount.) LOADING... (Click the icon to view the transactions.) Question content area bottom Part 1 Journalize the sales transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) Feb. 3: Henry sold $4,000 of craft supplies on account, credit terms are 2/10, n/30, to Quick Quilts. Cost of goods is $1,200. 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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