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On January 5, Gamma Company sold goods on account to Zeta Company for $2,000, with terms 2/10, n/30. The goods cost Gamma Company $800. The

  1. On January 5, Gamma Company sold goods on account to Zeta Company for $2,000, with terms 2/10, n/30. The goods cost Gamma Company $800. The goods are subject to sales tax of 7%. Prepare Gammas entry (entries) for January 5.

  1. On January 6, Gamma Company sold goods on account to Omicron Company for $3,500. The goods cost Gamma Company $1,200. The goods are not subject to sales tax. Omicron used a Visa card to pay. The bank fee to process the Visa transaction is 2%. Prepare Gammas entry (entries) for January 6.

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