On July 1, Cork Corp. made a sale of $640,000 to ABJ, Inc. on account. Terms of the sale were 1/10, n/30. ABJ makes payment on July 9. Cork uses the most-likely-amount method and assumes that the customer will not take the discount when accounting for sales discounts. Ignore cost of goods sold and the reduction of inventory. a. Prepare all Cork's journal entries. b. What net sales does Cork report? a. Prepare all Cork's journal entries. (Record debits first, then credits. Exclude explanations from any journal entries.) On July 1, Cork Corp. made a sale of $640,000 to ABJ, Inc. on account Account July 1 On July 9, Cork receives payment from ABJ. Account July 9 b. What net sales does Cork report? Cork reports net sales of $C