Journalize the following sales transactions for Hilton's Craft Shop. Explanations are not required. (Assume the company uses a perpetual inventory system and records sales at the net amount.) (Click the icon to view the transactions.) Joumalize the sales transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.). Feb. 3: Hilton sold $3,000 of craft supplies on account, credit terms are 5/10, n/30, to Queue Quilts. Cost of goods is $600. 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 Feb. 3 Accounts Receivable-Queue Quilts Sales Discounts Forfeited Sales Revenue Debit Credit 3000 3000 Now journalize the expense related to the February 3 sale-Cost of goods, $600. Date Accounts Feb. 3 Cost of Goods Sold Merchandise Inventory Cost of Goods Sold Debit Credit 600 600 Time Remaining: 00:49:02 Next