A company reports the following sales-related information. Sales, goss Sales discounts $260,000 Sales returns and allowances 5,200 Sales salaries expense $15,000 11,200 Prepare the net sales portion only of this company's multiple-step income statement Multiple-Step Income Statement (Partial) Net sales ces ProBuilder has the following June 30, 2016, fiscal-year-end unadjusted balances: Allowance for Sales Discounts, $0; and Accounts Receivable, $10,200. Of the $10,200 of receivables, $2,100 are within a 3% discount period, meaning that it expects buyers to take $63 in future discounts arising from this period's sales. a. Prepare the June 30, 2016, fiscal-year-end adjusting journal entry for future sales discounts View transaction list Journal entry worksheet ces Record the expected sales discounts. Nete Enter debits before oredits Debit Credit General Joumal Date June 30