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Movie Op e l Uueco 14 019 > Question 14 1.5 points Save Answer On June 14, 2018, Rumsfeld Company sold 100 air-conditioning units to

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Movie Op e l Uueco 14 019 > Question 14 1.5 points Save Answer On June 14, 2018, Rumsfeld Company sold 100 air-conditioning units to Powell Heating and Cooling. The units list for 5600 each, but Powell was granted a 25% trade discount All of Rumfelds sales are subject to terms 2/10, 1/30. Rumsfeld uses the gross method of accounting for sales discounts Required: 1. Prepare the journal entry to record the sale 2. Prepare the journal entry to record receipt of the payment, assuming the correct amount was received on June 22, 2018 3. Prepare the journal entry to record receipt of the payment isuming the correct amount was received on July 10, 2018 TTT Ara 3112 T

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