Lakewood Jewelry sells to retailers who then resell the products. Lakewood does not offer sales discounts for early payment; it asks that customers pay in full within 15 days or at the point of sale with a credit card. The company had the following selected transactions during July: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize Lakewood's July transactions. (You do not need to record the cost of goods sold or inventory entry or entries.) (Record debits first, then credits. Exclude explanations from any journal entries.) July 2: Sold $50,000 of merchandise to Oceanside Jewels on account. Date July 2 Journal Entry Accounts Debit Credit