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Merchandise costing $2.000 is sold for $3.000 on terms 2/30, n/60. The customer pays within the discount period. Prepare the journal entries needed at (a)

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Merchandise costing $2.000 is sold for $3.000 on terms 2/30, n/60. The customer pays within the discount period. Prepare the journal entries needed at (a) time of sale and (b) collection of payment from the customer, assuming the company uses a perpetual inventory system with the gross method of recording sales discounts, (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the sales on account of $3,000 on terms 2/30,n/60. Notei Lnter debits before credas

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