Journalize the following sales transactions for Paul Sportswear. Explanations are not required. Paul sold $66,000 of women's sportswear on account, credit terms are 2/10, n/45. Cost of goods is $33,000. Paul Aug. 1 uses the gross method to record sales revenue. Aug. 25 Paul receives payment from the customer on the amount due. (Assume the company uses the perpetual inventory system. Record debits first, then credits. Exclude explanations from journal entries.) Aug. 1: Paul sold $66,000 of women's sportswear on account, credit terms are 2/10, n/45. Cost of goods is $33,000. Paul uses the gross method to record sales revenue. Begin by preparing the entry to journalize the sale portion of the transaction. (Do not record the expense related to the sale with this entry. We will do that in the following step.) Accounts Debit Credit Aug. 1 Accounts Receivable 66000 Sales Revenue 66000 Date Now journalize the expense related to the August 1 sale. Cost of goods is $33,000. Date Debit Credit Aug. 1 Accounts Cost of Goods Sold Merchandise Inventory 33000 33000 Aug. 25: Paul receives payment from the customer on the amount due. Date Accounts Debit Credit Aug. 25