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Headland Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $62,000 with terms 3/15, n/45.

Headland Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $62,000 with terms 3/15, n/45. On June 12, 2020, Headland received full payment for the June 1 sale. Prepare the required journal entries for Headland Co. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Date

Account Titles and Explanation

Debit

Credit

choose a transaction date June 12June 1

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

choose a transaction date June 12June 1

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

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