On January $6,$ Cullumber Co$.$ sells merchandise on account to Harley Inc. for $$7,200,$ terms $\frac{2}{10},\frac{n}{30}.$ On January $16,$ Harley pays the amount due.

Prepare the entries on Cullumber Co's books to record the sale and related collection. $($Omit cost of goods sold entries.$)($List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the orfer presented in the problem. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$).$

Date

Account Titles and Explanation

Debit

Credit

Accounts Receivable

Sales Revenue

Cash

Sales Discounts