On November 1, 2015, L.L. Bean received an order from Michelle Sylvester for one pair of L.L. Bean 8 boots (aka duck boots.) The selling price of the boots is $109. These boots are on backorder; L.L. Bean actually ships the boots to Sylvester on January 2, 2016. Sylvesters credit card is charged when the boots ship; L.L. Bean treats the credit card sale as cash since it can deposit the credit card receipts into its bank account immediately. For the sake of simplicity, ignore credit card fees and sales tax. Assume that L.L. Beans cost of these boots is $44.

1. Journal entry 1: Journalize the sale of these boots. Be sure to include the date on the journal entry.
2. Journal entry 2: Journalize the cost of the boots sold.