Requirement 2. Journalize Jungle.com

Jungle.com's October

October 2018

2018 transactions. The company estimates sales returns at the end of each month. (Record debitsfirst, then credits. Exclude explanations from journalentries.)

Oct.

Oct. 10: The sale of 4 comma 000

4,000 books on account for $ 18

$18 each(cost of these books is $ 43 comma 200

$43,200) to The Book Store

TheBookStore.

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.