Journalize the following transactions for the Pool Palace, assuming the "net" method is used Explanations are not required (Click the icon to view the transactions) a. Sold 581,000 of merchandise to Regal Spas, Inc., on account, terms 4/15, 160, assuming the "net" method is utilized. The merchandise cost the Pool Palace $44,500 Begin by journalizing the revenue from the Pool Palace's sale of merchandise (Record debits first, then credits. Exclude explanations from any journal entries. Do not yet record the cost related to the sale. We will do this in the next journal entry) Journal Entry Accounts Debit Credit Choose from any list or enter any number in the input fields and then click Check Answer Check Answer Clear All 2 parts remaining More Info a. Sold $81,000 of merchandise to Regal Spas, Inc., on account, terms 4/15. n/60; the merchandise cost the Pool Palace 544,500 b. Received payment for the goods from Regal Spas, Inc., within the discount period Print Done