First Questions General Journal Instructions Chart of Accounts Instructions Ctron Mochanical Systems makes all sales on credt, with terms 2/15, n/30. During 2019, the list price (predscount) of services provided was $683,000. Customers paid $476,000 (Ist price) of these sales within the discount period and the remaining $207,000 (lst price) after the discount perlod. Citron uses the gross method of recording sales Required: 1. Compute the amount of sales that Citron recorded for 2019 2. Compute the amount of cash that Citron collected from these sales 3. Assuming the net method was used for all sales, propare a summary journmal entry to record these sales and a second summary entry to record the cash collected Effects of Sales Discounts Instructions Chart of Accounts First Questions General Journal Instrucions General Journal Shaded cells have feedback X JOURNAL BALANCE SHEET INCOME STATEME DATE DESCRPTION POST REF DENT CREDIT ASSETS LIABLITIES EQUITY REVEMUE EPOES Dec. 31 Accounts Receivable 673,480.00 Sales Revenue 673,48000 Dec. 51 Cash 67348000 Sales Revenue Accounts Receivable 476,00000 Points