Inventory was sold on account for $$48,375$ which includes $7\mathrm{.}5\%$ sales tax. The goods were held in inventory of the seller at a cost $$34,750.$ The contract term were FOB shipping point, $2/10$ net $45.$

$1$A$.$ Record the JE for both the seller and buyer bellow on the initial sale

Seller Buyer

$1$B$.$ Record the JE for both the seller and the buyer if payments was made on the $15$th day $.$

Seller and Buyer belowwere

$1$C$.$ Record the JE for both the seller and the buyer if payment was made on the $7$th day. Seller Buyer