Answer and Explanation:
The Journal entries are shown below:-
1. Account Receivable Dr, $450,000
To Sales revenue $450,000
(Being credit sales is recorded)
here we debited the accounts receivable as it increased the assets and we credited the sales revenue as it also increased the sales.
Cost of goods sold Dr, $310,000
To Inventory $310,000
(Being Cost of goods sold is recorded)
here we debited the cost of goods sold as it increased the expenses and we credited the inventory as it decreased the assets
2. Sales return and allowances Dr, $
22,000
To Account Receivable $22,000
(Being sales return is recorded)
here we debited the sales return and allowances as it increased the sales return and we credited the accounts receivable as it decreased the assets
3. Cash Dr, $423,720
Sales discount Dr, $4,280 ($428,000 × 1%)
To Account Receivable $428,000 ($450,000 - $22,000)
(Being cash and sales discount is recorded)
Here we debited the cash and sales discount as it increased the assets and sales discount and we credited the accounts receivable as it decreased the assets
= 
= $1,492.11
)= 
= $75.13