Meyer Inc. uses to record sales made on credit. On July 1, 2018, it made sales of 85,000 with terms 2/10 n/30. On July 9, Meyer received payment with the invoice value of 50,000 for the July 1 sale. The rest is not received until the end of July. Write the journal entries for Meyer Co. in July:

1)using the gross method.

2)using the net method.