5.3

5ales Discounts Not Taken Gordon's Grocers purchases bread from Buddy's Bread Company at $2.35 per loar. Gordon's engaged in a customer service contract to purchase 26,000 loaves of Buddy's bread. Buddy offered credit at terms of 2/10,n/30 and expects Gordon to pay within the discount peniod. Requiredt Prepare the journal entry assuming the poyment is made after 10 days (after the discount period), If an amount box does not require an entry, leave it biank