Journalize the following transaction for Edwards Company: 1. On March 31, finished goods costing $23,000 to manufacture were sold on account for $87,000. Chart of Accounts Assets Liabilities Stockholders' Equity Cash Accounts Payable Common Stock Accounts Receivable Unearned Revenue Retained Earnings Raw Materials Inventory Factory Wages Payable Sales Revenue Employer Fringe Benefits Work in Process Inventory Cost of Goods Sold Payable Employer Payroll Taxes Factory Labor Utilities Expense Payable Manufacturing Overhead Interest Payable Supplies Expense Finished Goods Inventory Notes Payable Selling Expense Supplies Insurance Expense Prepaid Insurance Depreciation Expense Equipment Building Land Accumulated Depreciation. Make sure to read an explanation for the journal entry you are recording. . List debit transactions first and then list credit transactions. . Use accounts provided in the Chart of Accounts above. Do NOT create your own account. . When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign. General Journals Date Account Titles and Explanation Debit ($) Credit ($) 3/31 To record the sale To record the cost of sale