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On June 3, Bridgeport Company sold to Cheser Company enerchandise having a sale price of $3,300 with terms of 2/10,n/60, fo b. shipping paint. An

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On June 3, Bridgeport Company sold to Cheser Company enerchandise having a sale price of $3,300 with terms of 2/10,n/60, fo b. shipping paint. An invoice totaling $94, terms n /30, was recelved by Chester on Junt 8 from Jahn Booth Transport Service for the freight cost. On June 12, the company received a check for the balance due from Chester Company. (a) Prepare journal entries on the Bridgcport company books to record all the events noted above under each of the following bases. (1) Sales and receivables are entered at gross selling price (2) Sales and roceivables are entered at net of cash discounts. the amourt is entered Do not indent mantiolly

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