mework: Ch 5 hw 1 on list K On 1 2 Question 4, SF5-4 (book/static) Part 1 of 4 HW Score: 0%, 0 of 34 points O Points: 0 of 3 Save Joumalize the following sales transactions for Tomas Sportswear. Explanations are not required. The company estimates sales retums at the end of wach month (Assume the company use perpetual inventory system and records sale at the net amount) (Click the loon to view the transactions) Journalize the sales transactions. Explanations are not required (Record debits frat, then credits. Exclude explanations from journal antes) Jul 1: Tomas sold $21,000 of men's sportswear for cash. Cost of goods sold in $10,000 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 Credit Accounts Debit 13 Date JUL 1 4 5 More info Tomas sold $21,000 of men's sportswear for cash. Cost of goods sold is $10,000 Jul. 1 Jul 5 Tomas received a $6,000 sales retum on damaged goods from the customer on July 1. Cost of goods damaged is $3,000 Print Done