Journalize the following sales transactions for Lucy's Boutique. Explanations are not required. The company estimates sales returns at the end of each month. (Assume the company uses a perpetual...

Extracted text: Journalize the following sales transactions for Lucy's Boutique. Explanations are not required. The company estimates sales returns at the end of each month. (Assume the company uses a perpetual inventory system and records sales at the net amount.) (Click the icon to view the transactions.) Mar. 3: Lucy sold $63,000 of women's clothes on account, credit terms are 3/10, n/30, to Maria's Dresses. Cost of goods is $35,000. 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 More Info Now journalize the expense related to the March sale-Cost of goods, $35,000. Date Accounts Debit Credit Mar. 3 Lucy sold $63,000 of women's clothes on account, credit terms are 3/10, n/30, to Maria's Dresses. Cost of goods is $35,000. Mar. 3 Lucy granted a sales allowance of $100 for the clothes sold on March 3. Maria's Dresses did not return the inventory. Mar. 7 Mar. 10 Lucy receives payment from Maria's Dresses on the amount due, less sales allowance and discount Mar. 7: Lucy granted a sales allowance of $100 for the clothes sold on March 3. Maria's Dresses did not return Print Done Date Accounts Debit Credit Mar. 7 Mar. 10: Lucy received payment from Maria's Dresses on the amount due, less sales allowance and discount. Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question.