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(Appendix 5A) Sales Discounts Ramaden Inc. provided consulting services with a gross price of $40,000 and terms of 2/10, 1/30 Required: 1. Prepare the necessary

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(Appendix 5A) Sales Discounts Ramaden Inc. provided consulting services with a gross price of $40,000 and terms of 2/10, 1/30 Required: 1. Prepare the necessary Journal entries to record the sale under the gross method. If an armount box does not require an entry, laxve le bank 88 (Record sale) 2. Prepare the necessary Journal entries to record collection of the receivable, assuming the customer pays within 10 days. It an amount box does not require an entry, leave it blank 88 (Record collection within discount period) 3. Prepare the necessary journal entries to record collection of the receivable, assuming the customer pays after 10 days. If an amount box does not require an entry, leave a blank (Record collection after the discount period)

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