On June 14, 2017, Rumsfeld Company sold 100 air-conditioning units to Powell Heating and Cooling. The units were shipped and their titles were transferred to Powell Heating and Cooling on June 14^th2016. The units are listed for retail at $600 each, but Powell was granted a 25% trade discount. All of Rumfeld's sales are subject to terms 2/10, n/30. Rumsfeld uses the gross method of accounting for sales discounts. Required: a. Prepare the journal entry to record the sale on June 14, 2017. (4 pts)

b. Prepare the journal entry to record receipt of the payment, assuming the correct amount was received on June 22, 2017. (8 pts)

c. Prepare the journal entry to record receipt of the payment, assuming the correct amount was received on July 10, 2017. (8 pts)