EXERCISE 5-41 (Algorithmic) Sales Discounts Taken Gordon's Grocers purchases bread from Buddy's Bread Company at $1.55 per lol. Gordon's recently engaged in a customer service contract with Buddy's to purchase 223,000 loaves of Buddy's breed. Bu Gordon to pay within the discount period. Required: Prepare the journal entry to record the sale using the net method, rounding to the nearest whole dollar Hint: In calculating your answer, use one minus the discount rate (eg. 1-0.02 -0.98) Record sale Then, prepare the journal entry assuming the payment is made within 10 days (the discount period). If required, round your answers to nearest whole Record collection within discount period