1. Newton's Cycles sells inventory on credit terms of 2/15, 1/30. A sale invoiced at $1,500 (cost of sales $975) was made to a customer on February 1. Newton's Cycles uses a perpetual inventory system. Required Prepare the journal entry to record: a) The credit sale; b) The collection of the account on February 9; and The collection of the account on March 2 instead of February 9