Requirements 1. Record Dawson's transactions, including the cost of goods sold entry for each sale. 2. Calculate the gross sales revenue for the month. Now record the cost of goods sold for the sale of merchandise on March 3. More info Requirement 1. Record Dawson's transactions, including the cost of goods sold entry for each sale. (Use the gross method to record the sales transactions. Record debits first, then crecits Exclude explanations from any joumal entries. ) March 3: Sold $11,000 of merchandise to Watabe Company on account. Do not record the cost of goods sold entry yet. We will do that in the next step. Now record the cost of goods sold for the sale of merchandise on March 3 . 13) (click the ioon to vew the transactions,) Read the resuilrements Now record the cost of goods sold for the sale of merchandise on March 3 . March 4:- Sold 51,600 of merchandise to Yanson Corp., who paid by credt card. The credt card compary charges Dawson a fee of 2% on credit card sales. Do not record the cost of goods sold entry yot. We will do that in the neet niep. Road the tequirements. Now record the cost of goods sold for the sale of merchandise on March 4 . March 5: Watabe Company retumed $600 of the merchandise from March 3. Do not record the inventory entry yet. W will do that in the next step. Now recond the inventory entry for the return of merchandise on March 5 . March 7: Sold $700 of merchandise to Macbeth, inc., on account. Do not repord the cost of goods sold entry yot. Wis will do that in the next step