On March 1, Bates Board Shop sells 300 surfboards to a local lifeguard station at a sales price of $410 per board. The cost to Bates is $170 per board. The terms of the sale are 3/15, n/30, with an invoice date of March 1. Create the journal entries for Bates to recognize the following transactions. Assume the perpetual inventory system is used. A. the initial sale B. the subsequent customer payment on March 10 If an amount box does not require an entry, leave it blank, Mar. 1 Accounts Receivable 123,000 7 Sales 123,000 > Mar. 1 51.000