9 0.66 points Merchandise costing $2,300 is sold for $3,300 on terms 2/30, n/60. 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 gross method of recording sales discounts. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet eBook No Print Transaction General Journal 1 a(1) Accounts Receivable Debit Credit 3,300 References Sales Revenue 3,300 ' 2 a(2) Cost of Goods Sold 2,300 Inventory 2,300 3 b " Cash 3,240 Sales Revenue 3,240 Accounts Receivable 3,240