On March 1, Bates Board Shop sells 300 surfboards to a local lifeguard station at a sales price of $400 per board. The cost to Bates is $140 per board. The terms of the sale are 3/15,n/30, with an invoice date of March 1. Create the journal entries for Bates to recognize the following transactions using the perpetual inventory system. - the initial sale on March 1: - the subsequent customer payment on March 10 : On March 1, Bates Board Shop sells 300 surfboards to a local lifeguard station at a sales price of $400 per board. The cost to Bates is $140 per board. The terms of the sale are 3/15,n/30, with an invoice date of March 1. Create the journal entries for Bates to recognize the following transactions using the perpetual inveintory system. - the initial sale on March 1: \begin{tabular}{|l|l|} \hline DR & \\ \hline CR & \\ \hline \end{tabular} - the subseguent customer navmant an Amwib in. board. The terms of the sale are 3/15,n/30, with an invoice date of Mar 1. Create the journal entries for Bates to recognize the following transactions using the perpetual inventory system. - the initial sale on March 1: - the subsequent customer pavment on March 10 . - the initial sale on March 1: DRCR \begin{tabular}{|c|c|} \hline DR & \\ \hlineCR & \\ \hline \end{tabular} - the subsequent customer payment on March 10: - the subsequent customer payment on March 10: - the subsequent customer payment on March 10