2, On June 3, Bolton Company sold to Arquette Company merchandise having a sale price of $2,000 with terms of 2/10,n/60, fob, shipping point. On June 12, the company received a check for the balance due from Arquette Company. Prepare the journal entries on Bolton Company books to record the sale assuming Bolton records sales using the gross method and net method Gross Method: June 3 June 12 Net Method: June 3 June 12 On June 3, Bolton Company sold to Arquette Company merchandise having a sale price of $2.000 with tems of 2/10,n/00, f.ob, shipping point. Prepare the journal entries on Bolton Company books to record the sale assuming Bolton records sales using the net method, and Arquette did not remit payment until July 29, June 3 June 29