Joumalize the following sales transactions for Marshfield Supply Explanations are not required. (Record debits first, then credits Exclude explanations from joumal entries. Assume the perpetual inventory method i used and that the company uses the net amount to record sals.) (Click the icon to view the transactions) Cost of Goods Sold 2.520 Merchandise Inventory 2.520 Mar. 3: Sold $6,200 of supplies on account, credit terms are 2/10, n45, FOB destination, Cost of goods is $4,340 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 Date Accounts Debit Credit Mar. 3 Accounts Receivable Sales Revenue