Journalize the following sales transactions for Peter

Peter Sportswear. 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 netamount.)

Journalize the sales transactions. Explanations are not required. (Record debitsfirst, then credits. Exclude explanations from journalentries.

Sept. 1 Peter sold $28,000 ofmen's sportswear for cash. Cost of goods sold is $16,000.

Sept 3 Peter sold $69,000 ofwomen's sportswear onaccount, credit terms are 3/10, n/60. Cost of goods is $39,000.

Sept 5 Peter received a $2,500 sales return on damaged goods from the customer on September 1 Cost of goods damaged is $1,250.

Sept 10 Peter receives payment from the customer on the amountdue, less discount.