Assume on January 10, 2020, Gord Co. sells $6,000 of window glass to Builder, Inc. on account with terms 2/10, net 30. Gord Co uses the Gross Method to record Sales discounts.

a. Write the journal entry to record this sale:

b. On January 15th, Gord Co receives payment of the entire amount due for the January 10th sale to Builder, Inc. Write the journal entry to record this event.

c. On January 31, 2020, before preparing financial statements, Gord Co. estimates that a $600 in sales returns and allowances will result from the sale to Builder Inc. on January 10, 2020. Write the adjusting entry to record this allowance.

d. Assuming Gord Co, only had that one sale in January, construct the Sales section of Gord Co's income statement on January 31, 2020. (Hint: last line will be Net Sales)