Journalize the following transactions for Brunswick Shop, Inc., tat occurred during the month of April. Brunswick Shop's cost of inventory is 45% of the sales price. Record debits first, then credits. Exclude explanations from any joumal entries.) (Click the icon to view the transactions.) Start by journalizing the April 3rd sale of inventory. (Do not yet record the cost related to the sale. We will do this in the next journal entry. Prepare a compound entry accounting for the sales revenue as well as the cash paid for shipping.) Journal Entry More Info Date Accounts Debit Credit Apr 3 Sold $2,200 of merchandise on account, terms 1/15, n/45, FOB shipping point. Brunswick Shop, Inc., prepaid $75 of shipping costs and added the amount to the customer's invoice. Apr 7 Issued a credit memo to the customer acknowledging the return of $300 (sales price) of unwanted goods Received payment in full from the customer for the April 3 invoice 16 Accounts payable Accounts receivable Cash Cost of goods sold Print Done Notes payable Sales discount Choose from any lis Sales returns & allowance d then click Check Answer. Sales revenue