Discounts Mad Rush 10 poi Philip Glass Inc. sells musical equipment and sold $80,000 worth of equipment on June 12th on account. To encourage payment, Glass typically offers cash discount terms of 1/10, n/30. Create the necessary journal entries for the sale and collection of payment assuming Glass uses the gross method and the customer pays on June 19th (5 points) Now assume that Glass uses the net method and payment occurs on June 19th. Create the necessary journal entries