Journalizing sales transactions Journalize the following sales transactions for Paul Sportswear. Explanations are not required. Aug. 1 Paul sold $66,000 of women's sportswear on account, credit terms are 2/10, n/30. Cost of goods is $33,000. 5 Paul received a $5,000 sales return on damaged goods from the customer Cost of goods damaged is $2, 500. 10 Paul receives payment from the customer on the amount due, less the return and discount