At Folktown Arts, gross sales for the month included: Sales on account (2/10, n/30) Credit card sales (2% credit card fee) $200,000 $150,000 Half of the sales on account were paid within the discount period; the other accounts were paid in full by the end of the month. Read the requirements. Requirement 1. Journalize the sales on account, the credit card sales, and the cash payments on account received during the month. (Use the gross method to record the sales transactions. Record debits first, then credits. Exclude explanations from any journal entries.) First, record the sales on account. Journal Entry Date (a) Accounts Debit Credit Accounts Receivable 200000 Sales Revenue 200000 Next, record the credit card sales. Date (b) Cash Allowance for Uncollectible Accounts Sales Revenue Journal Entry Accounts Debit Credit 147000 3000 150000 Now, record the cash payments on account received during the month. (Prepare a compound entry for all cash payments on account received during the month.) Date (c) Journal Entry Accounts Requirement 2. Calculate the net sales revenue for the month. The net sales revenue for the month is Debit Credit