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View the transactions. Journalize the sales transactions. Explanations are not required. ( Record debits first, then credits. Exclude explanations from journal entries. ) Mar. 1

View the transactions.
Journalize the sales transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.)
Mar. 1: Action Boats sold $200,000 of boats on account, credit terms are 215,n30 to Outdoors Unlimited. Cost of goods is $80,000.
\table[[Date,Accounts,Debit,Credit],[Mar.1],[,,,],[,,,],[,,,]]
Transactions
Mar. 1 Action Boats sold $200,000 of boats on account, credit terms are 2/15, n/30 to Outdoors Unlimited. Cost of goods is $80,000.
Mar. 12 Action Boats receives payment from Outdoors Unlimited on the amount due, less the discount.
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