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CH(1): Journal entries%u2013Perpetual Inventory system25Illustration 1-13:On Jan,30 2020, SalmanCompanysold goods to customer Hassan for BD32,000 on credit.The cost of goods sold is BD29,300.It was recorded in the general journal:GENERAL JOURNALDateAccount Title and ExplanationPRDebitCreditJan,30Account Receivable -Hassan32,000Sales32,000Sales goods for cashJan,30Cost of Goods Sold29,300Merchandise Inventory29,300Cost of goods sold for cashC-4) Sales returns and allowanceof goodson accountwithout discount:Illustration 1-14:On Jan 312020, SalmanCompanyretuned goods from sales on Jan 30,of customer Hassanfor BD1000that had cost BD890.It was recorded in thegeneral journal.GENERAL JOURNALDateAccount Title and ExplanationPRDebitCreditJan,31Sales Returns and Allowance1,000Account Receivable -Hassan1,000Sales returns on credit Jan,31Merchandise Inventory890Cost of Goods Sold890Cost of sale returns on creditSalesreturnsof merchandise for cash First EntrySecond EntryDebitCreditDebitCreditSalesReturns and allowanceAccount ReceivableMerchandise InventoryCOGS