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S5-4 (similar to) s Question Help Journalize the following sales transactions for Bargain Sportswear. Explanations are not required. The company estimates sales returns at the end of each month. (Assume the company uses a perpetual inventory system and records sales at the net amount.) (Click the icon to view the transactions.) Journalize the sales transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) Jul. 1: Bargain sold $24,000 of men's sportswear for cash. Cost of goods sold is $12,000. 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 Debit Credit -X More Info Jul. 1 Jul. 1 Bargain sold $24,000 of men's sportswear for cash. Cost of goods sold is $12,000. 3 Bargain sold $60,000 of women's sportswear on account, credit terms are 2/10, n/60. Cost of goods is $30,000 5 Bargain received a $1,000 sales return on damaged goods from the customer on July 1. Cost of goods damaged is $500 10 Bargain receives payment from the customer on the amount due, less discount. Print Done Done Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Check