Merchandise costing $2,400 is sold for $3,400 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.) View transaction list Journal entry worksheet 1 2 3 Record the sales on account of $3,400 on terms 2/30, n/60. Note: Enter debits before credits Transaction a(1) General Journal Debit Credit Record entry Clear entry View general journal Merchandise costing $2,400 is sold for $3,400 on terms 2/30, n/60. The custom period. Prepare the journal entries needed at (a) time of sale and (b) collection o customer, assuming the company uses a perpetual inventory system with the gr sales discounts. (If no entry is required for a transaction/event, select "No Jou first account field.) View transaction list Journal entry worksheet