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Cocoa Company regularly provides services to Yankee Supply with terms 2/15,r/30 and records sales at gross. During a recent month, the two firms engaged in

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Cocoa Company regularly provides services to Yankee Supply with terms 2/15,r/30 and records sales at gross. During a recent month, the two firms engaged in the foll transactions: a. Cocoa provided services with a list price of $32,700. b. Cocoa provided services with a list price of $48,000. c. Yankee paid for the purchase in Transaction a within the discount period. d. Yankee paid for the purchase in Transaction b after the discount period. Required: 1. Prepare the journal entries for Cocos to record the sales in transactions a and b (make separate entnes). If an amount box does not require an entry, leave it blank. a. b. 2. Prepare the journal entry to record the receipt of Yankee's payment in Iransaction c. If an amount box does not require an entry, leave it blank. c. 3. Prepase the journal entry to record the receipt of Yankere's payment in Transaction d. If an amount bex does not require an entry, leave it blank. d

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