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NUTZU This Question: 20 pts 6 of 18 (17 On July 1, Vince Corp. made a sale of $446,000 to Fernandez, Inc on account. Terms

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NUTZU This Question: 20 pts 6 of 18 (17 On July 1, Vince Corp. made a sale of $446,000 to Fernandez, Inc on account. Terms of the sale were 3/10, 1/30. Fernandez makes accounting for sales discounts. Ignore cost of goods sold and the reduction of inventory a. Prepare all Vince's journal entries. b. What net sales does Vince report? a. Prepare all Vince's journal entries (Record debits first, then credits Exclude explanations from any journal entries) On July 1, Vince Corp. made a sale of $446,000 to Fernandez Inc on account Terms of the sale were 3/10, 1/30 Account July 1 432620 Accounts Receivable - Fernandez 432620 Sales Revenue On July 29, Vince records the payment by Fernandez July 29 432820 Account Cash Accounts Receivable - Fernandez 432520 Vince report? inue to the next

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