Kingbird sells its specialty combination gas/wood-fired grills to local restaurants. Each grill is sold for $920 (cost $540) on credit with terms 3/30, net/90. Prepare the journal entries for the sale of 20 grills on September 1, 2020, and upon payment, assuming the customer paid on (1) September 25, 2020, and (2) October 15, 2020. Assum the company records sales net. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit No. (1) (To record sales) (To record cost of goods sold) (2) - (To record sales) (To record cost of goods sold) On October 1.2020, Kingbird sold one of its super deluxe combination gas/charcoal grills to a local builder. The builder plans to install it in one of its "Parade of Homes" houses. Kingbird accepted a 3-year, zero-interest-bearing note with face amount of $5,164. The grill has an inventory cost of $2,532. An interest rate of 10% is an appropriate market rate of interest for this customer. Prepare the journal entries on October 1, 2020, and December 31, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter for the amounts. Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971.) Date Account Titles and Explanation Debit Credit (To record sales) (To record cost of goods sold)