mylab.pearson.com/Student/PlayerTest.aspx?testId=250460533¢erwin=yes ACCT 131 - CRN 40995 - Financial Accounting 1 - SM Test: Test #3 < Question 9 of 18 > Isaac Vazquez This test: 100 point(s) possible This question: 10 point(s) possible 05/22/23 1:27 AM Submit test Moonshine Jewelry sells to retailers who then resell the products. Moonshine 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: i (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize Moonshine'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 $20,000 of merchandise to Odette Jewels on account. Date July 2 Journal Entry Accounts Debit Credit July 3: Sold $5,000 of merchandise to Backner Crystals, which paid by credit card. The credit card company charges Moonshine a fee of 2% on credit card sales. Date July 3 Journal Entry Accounts July 16: Odette Jewels paid the balance of what it owed for the purchase on July 2. Journal Entry Date Julyz 16 Accounts Debit Credit Debit Credit Next