More info Aug 2 Sold merchandise on account to Tony Baldwin, $1,000, terms 3/10,n/30. Aug 10 Sold merchandise on account to Brady Oxford, $2,000, terms 2/10,n/30. Aug 11 Collected payment from Baldwin for the August 2 sale. Aug 15 Oxford returned $900 of the merchandise purchased on August 10. Aug 19 Collected payment from Oxford for the balance of the August 10 sale. Requirements 1. Record the foregoing transactions in the journal of Chic Interiors using the gross method. (You do not need to make the cost of sales journal entries; assume that these entries will be made by the company when it makes its other adjusting entries at period end.) 2. Calculate the amount of gross sales minus sales discounts for the month of August. Requirement 1. Record the foregoing transactions in the journal of Chic Interiors using the gross method. (You do not need to make the cost of sales journal entries; assume that these entries will be made by the company when it makes its other adjusting entries at period end.) (Record debits first, then credits. Exclude explanations from any journal entries.) Aug 2: Sold merchandise on account to Tony Baldwin, $1,000, terms 3/10,n/30