Accounting for Sales on Credit: Net Method

On December $29$ of the current year, Sabre Company sold merchandise for $$3,000$ on credit terms, $3/10,$ n$/60.$ Its accounting period ends December $31.$

Required

Provide the following entries under the net method.

a$.$ To record the merchandise sale. Omit the cost of goods sold entry.

b$.$ To record collection of the account, assuming collection took place on January $5$ of next year.

c$.$ To record collection of the account, assuming collection took place on February $15$ of next year.

Note: If a line in a journal entry isn't required for a transaction, select $"$N$/$A$"$ as the account name and leave the Dr$.$ or Cr$.$ answer blank $($zero$).$

Parts a and $b$ occur.

Parts a and c occur.

Note: Indicate a contra account balance with a negative sign.