Journalize the following transactions for Ross Company using the gross method of accounting for sales discounts. Assume a perpetual inventory system. Also, assume a constant gross profit ratio for all items sold. Make sure to enter the day for each separate transaction October 2 Sold goods costing $7,500 to Russell Company on account, $12,500, terms 4/10, 1/30. October 8 Russell Company was granted an allowance of $2,625 for returned merchandise that was previously purchased on account. The returned goods are in perfect condition October 12 Received the amount due from Russell Company Date Account Title Debt Credit