Now lets say that Smith uses the $20 in L.L. Bean Dollars on June 5, 2016, when she purchases a shirt at the L.L. Bean Store in Lyndhurst for a selling price of $43. She pays cash of $23 at the point of purchase. Ignore sales tax.

1. Journal entry: Journalize the sale of the shirt and the use of the L.L. Bean Dollars by Smith. (Do not make the cost of goods sold journal entry.)