During the months of January and February, Solitare Corporation sold goods to two customers. The sequence of events was as follows:

January 6	Sold goods for $100 to Wizard Incorporated with terms 2/30, n/60. The goods cost Solitare $70.
January 6	Sold goods to Spyder Corporation for $80 with terms 5/10, n/60. The goods cost Solitare $60.
January 14	Collected cash for the amount due from Wizard Incorporated.
February 28	Collected cash for the amount due from Spyder Corporation.

Required:

Prepare journal entries to record the transactions, assuming Solitare records discounts using the gross method in a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

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During the months of January and February, Solitare Corporation sold goods to two customers. The sequence of events was as follows: January 6 Sold goods for $100 to Wizard Incorporated with terms 2/30, n/60. The goods cost solitare $70. January 6 Sold goods to Spyder Corporation for $80 with terms 5/10,n/60. The goods cost Solitare $60. January 14 collected cash for the amount due from Wizard Incorporated. February 28 Collected cash for the amount due from Spyder Corporation. Required: Prepare journal entries to record the transactions, assuming Solitare records discounts using the gross method in a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the sales on account of $100 to Wizard Incorporated on terms 2/30, n/60 Note: Enter debits before credits. During the months of January and February, Solitare Corporation sold goods to two customers. The sequence of events was as follows: January 6 Sold goods for $100 to Wizard Incorporated with terms 2/30,n/60. The goods cost Solitare $70. January 6 Sold goods to Spyder Corporation for $80 with terms 5/10, n/60. The goods cost Solitare $60. January 14 collected cash for the amount due from Wizard Incorporated. February 28 Collected cash for the amount due from Spyder Corporation. Required: Prepare journal entries to record the transactions, assuming Solitare records discounts using the gross method in a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Note: Enter debits betore credits. During the months of January and February, Solitare Corporation sold goods to two customers. The sequence of events was as follows: January 6 Sold goods for $100 to Wizard Incorporated with terms 2/30,n/60. The goods cost Solitare $70. January 6 Sold goods to Spyder Corporation for $80 with terms 5/10,n/60. The goods cost Solitare $60. January 14 Collected cash for the amount due from Wizard Incorporated. February 28 Collected cash for the amount due from Spyder Corporation. Required: Prepare journal entries to record the transactions, assuming Solitare records discounts using the gross method in a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the sales on account of $80 to Spyder Corporation on terms 5/10, n/60 Note: Enter debits before credits. During the months of January and February, Solitare Corporation sold goods to two customers. The sequence of events was as follows: January 6 Sold goods for $100 to Wizard Incorporated with terms 2/30, n/60. The goods cost Solitare $70. January 6 Sold goods to Spyder Corporation for $80 with terms 5/10,n/60. The goods cost Solitare $60. January 14 Collected cash for the amount due from Wizard Incorporated. February 28 Collected cash for the amount due from Spyder Corporation. Required: Prepare journal entries to record the transactions, assuming Solitare records discounts using the gross method in a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) During the months of January and February, Solitare Corporation sold goods to two customers. The sequence of events was as follows: January 6 Sold goods for $100 to Wizard Incorporated with terms 2/30, n/60. The goods cost solitare $70. January 6 Sold goods to Spyder Corporation for $80 with terms 5/10,n/60. The goods cost Solitare $60. January 14 Collected cash for the amount due from Wizard Incorporated. February 28 Collected cash for the amount due from Spyder Corporation. Required: Prepare journal entries to record the transactions, assuming Solitare records discounts using the gross method in a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 234 Record the receipt of payment in full from Wizard Incorporated Note: Enter debits before credits. During the months of January and February, Solitare Corporation sold goods to two customers. The sequence of events was as follows: January 6 Sold goods for $100 to Wizard Incorporated with terms 2/30,n/60. The goods cost Solitare $70. January 6 Sold goods to Spyder Corporation for $80 with terms 5/10, n/60. The goods cost Solitare $60. January 14 Collected cash for the amount due from Wizard Incorporated. February 28 Collected cash for the amount due from Spyder Corporation. Required: Prepare journal entries to record the transactions, assuming Solitare records discounts using the gross method in a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the receipt of payment in full from Spyder Corporation Note: Enter debits before credits