On March 12, 2018, Admiral Electronics sold 20 fax machines to Cool Stuff Co. for $10,600, subject to terms 2/10, n/30. Admiral 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 March 20, 2018 and April 5, 2018. Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Prepare the journal entry to record the sale. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the sale. Note: Enter debits before credits Date General Journal Debit Credit March 12, 2018 On March 12, 2018, Admiral Electronics sold 20 fax machines to Cool Stuff Co. for $10,600, subject to terms 2/10, n/30. Admiral 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 March 20, 2018 April 5, 2018. and Complete this question by entering your answers in the tabs below. Ret 2 and 3 Req 1 Prepare the journal entries to record receipt of the payment, assuming the correct amount was recelved on March 20, 2018 and April 5, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 Record receipt of the payment, assuming the correct amount was received on March 20, 2018. Note: Enter debits before credits. Date General Journal Debit Credit March 20, 2018