2. Met Method January 15: AG Inc, made a $25,000 sale on account with the following terms: 1/15, n/30. If the company uses the gross method to record sales made on credit. January 28: Payment in full is made on the account. 3. Gross Method January 15: AG Inc. made a $25,000 sale on account with the following terms: 1/15, n/30. If the company uses the gross method to record sales made on credit. February 2: Payment in full is made on the account. 4. Mearend Becky had net sales (all on account) in 2020 of $8.000,000. At December 31,2020. before adjusting entries, the balances in selected accounts were: accounts recelvable $1,000,000 debit. Journalize the allowance entry if it is the company's frst year if Becky estimates that 3% of its accounts recelvable will prove to be uncollectible. 5. Yoarend same as number 4 above except it's the company's second vear and the and allowance Cor doubtifl accounts has a $2,000 debit, Please jarnalize the vear end entry for the allowance