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EB1. L0 6.1 On June 1, Lupita Candy Supplies sells 1,250 candy buckets to a local school at a sales price of $10 per bucket.

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EB1. L0 6.1 On June 1, Lupita Candy Supplies sells 1,250 candy buckets to a local school at a sales price of $10 per bucket. The cost to Lolita is $2 per bucket. The terms of the sale are 2/10,n/60, with an invoice date of June 1. Create the journal entries for Lupita to recognize the following transactions. A. the iqitial sale B. the stbsequent customer payment on July 12

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