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Journalize the following sales transactions for Lisa's Boutique. Explanations are not required. The company estimates sales returns at the end of each month. (Assume the
Journalize the following sales transactions for Lisa's Boutique. 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.) (Click the icon to view the transactions.) Journalize the sales transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) Mar. 3. Lisa sold $69,000 of women's clothes on account, credit terms are 3/10, n/60, to Monica's Dresses. 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 Accounts Debit Credit Mar. 3 Choose from any list or enter any number in the input fields and then click Check Answer. 3 parts remaining Clear All Final Check i - X More Info Lisa sold $69,000 of women's clothes on account, credit terms are 3/10, n/60, to Mar. 3 Monica's Dresses. Cost of goods is $35,000. Lisa granted a sales allowance of $900 for the clothes sold on March 3. Maria's Mar. 7 Dresses did not return the inventory. Lisa receives payment from Monica's Dresses on the amount due, less sales Mar. 10 allowance and discount Print Done
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