Please keep in mind that there are only 5 lines in the journal. What is already in the journal is possibly incorrect.

Longmire & Sons made sales on credit to Alderman Sports totaling $600,000 on April 18. The cost of the goods sold is $500,000. Longmire estimates 2% of its sales to Alderman may be returned. On May 22, $6,000 worth of goods (with a cost of $4,800) are returned by Alderman. Longmire uses a periodic inventory system. Required: Prepare the related journal entries for Longmire & Sons. ASSETS REVENUE 411 Sales Revenue EXPENSES 111 Cash 121 Accounts Receivable 141 Inventory 152 Prepaid Insurance 181 Equipment 198 Accumulated Depreciation 500 Cost of Goods Sold 511 Insurance Expense 512 Utilities Expense 521 Salaries Expense LIABILITIES 211 Accounts Payable 226 Return Liability 231 Salaries Payable 250 Unearned Revenue 261 Income Taxes Payable 532 Bad Debt Expense 540 Interest Expense 541 Depreciation Expense 559 Miscellaneous Expenses 910 Income Tax Expense EQUITY 311 Common Stock 331 Retained Earnings PAGE 1 GENERAL JOURNAL Score: 21/63 DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT Apr. 18 Accounts Receivable 600,000.00 Sales Revenue 600,000.00 Return Liability