1.

2.

3.

Pearl Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $ 59,000 with terms 4/15, n/45. On June 12, 2020, Pearl received full payment for the June 1 sale. Prepare the required journal entries for Pearl Co. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit June 1 Accounts Receivable 56,640 Sales Revenue 56,640 June 12