Journalize the sales transactions. Explanations are not required (Record deblts frst, then crodts Exclude explanations fom joumal enties) Jul 1: Frank sold $21,000 of men's sportswear for cash. Cost of goods sold is $7,000 preparing the entry to jurnalize the sale portion of the transaction Do not record he expense related to the sale V do that in ht ol wing, stop Date Accounts Debit Credit Jul. 1 Cost of Goods Sold Cash Now journalize the expense related to the July 1 sale -Cost of geods sold, $7.000 Debit Credit