More info July 3 Sold computers on account for $8,000 to South Auto Store, terms 3/15, n/30. The cost of the computers is $4,800. July 5 July 12 Sold two computers for $2,000 to Alex Harding. The cost of the computers is $1,200. Harding paid cash. July 15 Received full payment from South Auto Store on the balance due. Harding returned one computer from the July 5 sale. The computer sold for $1,000 and the cost was $600. Quick Computers issued a refund to the customer. Print Done - Jul. 3: Sold computers on account for $8,000 to South Auto Store, terms 3/15, n/30. The cost of the computers is $4,800. 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 Date: Accounts and Explanation Jul. 3 Accounts Receivable-South Auto Store Sales Revenue Sale on account less discount Debit Credit 8000 8000