Rabsatt Motors Equipment uses a perpetual inventory system. Journalize the following sales transactions for this company. Explanations are not required. (20pts)

Nov. 18	Sold $50,000 of merchandise on account, credit terms are 3/10, n/30, FOB destination. Cost of goods is $30,000.
Nov. 22	Jackson negotiated a $5,000 allowance on the goods sold on Nov. 18.
Nov. 24	Jackson paid freight of $500.
Nov. 26	Jackson receives payment for the customer for the amount due from the Nov 18 sale.