16 Merchandise costing $2,000 is sold for $3,000 on terms 2/30, n/60. If the customer pays within the discount period. Prepare the journal entries needed at (a) time of sale and (b) collection of payment from the customer, assuming the company uses a perpetual inventory system with the net method of recording sales discounts. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 37 points View transaction list View journal entry worksheet Debit No Transaction General Journal Credit ook Accounts Receivable 1 3,000 a 3,000 Sales Revenue Print 2 b Cost of Goods Sold 2,000 2,000 Inventory References Cash C Sales Revenue Accounts Receivable