Journalize the following sales transactions for Upscale Boutique. Explanations are not required. Mar. 3 7 10 Upscale

Journalize the following sales transactions for Upscale Boutique. Explanations are not required. 

Transcribed Image Text:

Mar. 3 7 10 Upscale Boutique sold $60,000 of women's clothes on account, credit terms are 3/10, n/30, to Red Carpet Dresses. Cost of goods is $30,000. Upscale Boutique granted a sales allowance of $4,000 for the clothes sold on March 3. Red Carpet Dresses did not return the inventory. Upscale Boutique received payment from Red Carpet Dresses on the amount due, less sales allowance and discount.