On June 14, 2024, Rumsfeld Company sold 100 air-conditioning units to Powell Heating and Cooling. The units list for $700 each, but Powell was granted a 25% trade discount. All of Rumsfeld's sales are subject to terms 2/10,n/30. Rumsfeld uses the gross method of accounting for sales discounts. Required: 1. Prepare the journal entry to record the sale. 2 \& 3. Prepare the journal entries to record receipt of the payment, assuming the correct amount was received on June 22,2024 and July 10, 2024. Prepare the journal entry to record the sale. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Note: Enter debits before credits. Prepare the journal entries to record receipt of the payment, assuming the correct amount was received on June 22,2024 and July 10 , 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record receipt of the payment, assuming the correct amount was received on June 22,2024. Note: Enter debits before credits. Prepare the journal entries to record receipt of the payment, assuming the correct amount was received on June 22,2024 and July 10 , 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record receipt of the payment, assuming the correct amount was received on July 10, 2024. Note: Enter debits before credits