Suppose Paul's Hardware sells merchandise on account, terms 1/10, n/30, for $1,000 (the cost of the inventory is $460) on March 17, 2018. Paul's Hardware later received $400 of goods (cost, $105) as sales returns on March 21, 2018. The customer paid the balance due on March 26, 2018. Journalize the March 2018 transactions for Paul's Hardware assuming the "net" method is used. (Record debits first, then credits. Exclude explanations from any journal entries. Round your answers to the nearest cent, XXX.) Start by journalizing the revenue portion of the sale for Paul's Hardware on March 17. (Do not yet record the cost related to the sale. We will do this in the next jours entry.) Date Mar Journal Entry Accounts Debit Credit 17 Accounts receivable Sales revenue Help me solve this Demodocs example Get more help - Clear all Check answer