More info \begin{tabular}{|ll} \hline Mar. 3 & Lindasold$60,000ofwomensclothesonaccount,credittermsare3/10,n/30,toMimisDresses.Costofgoodsis$30,000. \\ Mar. 7 & Lindagrantedasalesallowanceof$600fortheclothessoldonMarch3.MariasDressesdidnotreturntheinventory. \\ Mar. 10 & LindareceivespaymentfromMimisDressesontheamountdue,lesssalesallowanceanddiscount \\ \hline \end{tabular} Journalize the following sales transactions for Linda's Boutique. Explanations are not required. The company estimates sales returns at the end of each month. (Assume the company uses a perpetual inventory system and records sales at the net amount) Click the icon to view the transactions.) Journalize the sales transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) Mar. 3: Linda sold $60,000 of women's clothes on account, credit terms are 3/10,n/30, to Mimi's Dresses. Cost of goods is $30,000. 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. Now journalize the expense related to the March 3 sale-Cost of goods, $30,000. Journalize the following sales transactions for Linda's Boutique. Explanations are not required. The company estimates sales returns at the end of each company uses a perpetual inventory system and records sales at the net amount.) Click the icon to view the transactions.) Now journalize the expense related to the March 3 sale - Cost of goods, $30,000. More info \begin{tabular}{|ll} \hline Mar. 3 & Lindasold$60,000ofwomensclothesonaccount,credittermsare3/10,n/30,toMimisDresses.Costofgoodsis$30,000. \\ Mar. 7 & Lindagrantedasalesallowanceof$600fortheclothessoldonMarch3.MariasDressesdidnotreturntheinventory. \\ Mar. 10 & LindareceivespaymentfromMimisDressesontheamountdue,lesssalesallowanceanddiscount \\ \hline \end{tabular} Journalize the following sales transactions for Linda's Boutique. Explanations are not required. The company estimates sales returns at the end of each month. (Assume the company uses a perpetual inventory system and records sales at the net amount) Click the icon to view the transactions.) Journalize the sales transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) Mar. 3: Linda sold $60,000 of women's clothes on account, credit terms are 3/10,n/30, to Mimi's Dresses. Cost of goods is $30,000. 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. Now journalize the expense related to the March 3 sale-Cost of goods, $30,000. Journalize the following sales transactions for Linda's Boutique. Explanations are not required. The company estimates sales returns at the end of each company uses a perpetual inventory system and records sales at the net amount.) Click the icon to view the transactions.) Now journalize the expense related to the March 3 sale - Cost of goods, $30,000
