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1 . On May 1 2 , 2 0 2 4 , Falwell Computing sold five computers to Computing Plus for $ 1 0 ,

1. On May 12,2024, Falwell Computing sold five computers to Computing Plus for $10,000, subject to terms 3/10, n/30. Falwell uses the net method of accounting for sales discounts. (Ignore cost of goods sold entry)a. 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 20,2024.c. Alternately, prepare a journal entry to record the receipt of payment, if the payment was instead received on June 5,2024.d. Why does it make sense for a company to use the net method? Please explain below.

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