15. On 2/18/20x7 a company sold merchandise on account for $46,500 with terms 2/15, n/45. The cost of the merchandise sold was $26,890. Journalize the entry using the net method. (6.60 points) Credit Date Account/Description Debit llustrate how the above entry will affect the accounting equation: Owner's Equity Liabilities Assets + 16. Make the entry to record the receipt of payment from the customer for the sale recorded in # 15. The payment was received on 2/27/20x7. (3.35 Points) Account/Description Debit Credit Date Illustrate how the above entry will affect the accounting equation: Liabilities Owner's Equity Assets Page 17 d a rm a vendor with (3.35 pointsl