B D E F G L M 1 Schroeder Inc. sells apparel merchandise to Diamond Inc. at a gross sales price of $1,470, credit terms 2/10, n/30 on August 10, 2020. Diamond pays for 40% of the merchandise on August 19, 2020 and the remaining balance on August 31, 2020. B 4 5 6 Record the entries required on August 10, August 19, and August 31, 2020, for Schroeder Inc. assuming use of the net method in accounting for credit sales. Omit the cost of goods sold entry. 7 8 Label each journal entry appropriately. 9 10-Aug > 10 11 (1 point) 12 13 14 15 16 (2 points) 17 18 19 20 Send a Chat 19-Aug > O