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1 . On May 1 2 , 2 0 2 4 , Falwell Computing sold five computers to Computing Plus for $ 1 0 ,
On May Falwell Computing sold five computers to Computing Plus for $ subject to terms n Falwell uses the net method of accounting for sales discounts. Ignore cost of goods sold entrya Prepare a journal entry to record the sale.b Prepare a journal entry to record the receipt of payment, if the payment was received on May c Alternately, prepare a journal entry to record the receipt of payment, if the payment was instead received on June d Why does it make sense for a company to use the net method? Please explain below.
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