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Journalize the sales transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) Mar. 3: Leah sold $60,000 of women's
Journalize the sales transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) Mar. 3: Leah sold $60,000 of women's clothes on account, credit terms are 2/10, n/30, to Maddie's Dresses. Cost of goods is $31,000. 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 Mar. 31 Accounts Debit Credit
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