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Columbia Company provided services with a list price of $48,500 to Small Enterprises with terms 2/15, n/45. Columbia records sales to be reported in the

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Columbia Company provided services with a list price of $48,500 to Small Enterprises with terms 2/15, n/45. Columbia records sales to be reported in the financial statements. Required: 1. Prepare the entries to record this sale in Columbia's journal. Accounts Receivable Sales (Record sale) Feedback 2. Prepare the entry for Columbia's journal to record receipt of cash in payment for the sale within the discount period. For those boxes in which no entry is required, leave the box blank. Cash Sales Discount Accounts Receivable

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