Grandma's sells frozen meals and desserts to college students and young professionals. Customers buy a week's or a month's worth of meals at a time. Each individual meal costs S10. Grandma's year-end is October 31. Activity During the Year: As a way to motivate the customers to pay quickly, Grandma's offers a sales discount if the balance is paid within 10 days of the purchase. The terms of the discount are 2/10 n/30. There are 2 ways of handling the cash discounts: the Gross Method and the Net Method. The Gross Method initially assumes no one will take advantage of the offered cash discount: the full value of the sale is initially recorded in AR, and any discounts that are taken are subtracted when cash is collected. The Net Method initially assumes everyone will take advantage of the offered cash discount: the discounted value of the sale is initially recorded in AVR, and any discounts not taken are recorded as Interest Revenue when cash is collected. Assume (for now) that Grandma's the uses the gross method. Prepare journal entries for the events below (note: so we can focus on the impact on Accounts Receivable, ignore the accompanying entries for Cost of Goods Sold and Inventory): l) Grandma's total credit sales for the month of September (the busiest month) consisted of $230,000 (23,000 total meals S10 price per meal): 2) Assume that gross sales of $50,000 were collected in 10 days within the discount period