On May 1, 2021, Jackson Corporation sold five computers to Computing Plus for $10,000, subject to terms 3/10, n/30. Jackson uses the net method of accounting for sales discounts.

Required:

(a) Prepare the journal entry to record the sale.

(b) Prepare the journal entry to record receipt of the payment, assuming the correct amount was

received on May 10, 2021.

(c) Prepare the journal entry to record receipt of the payment, assuming the correct amount was

received on May 25, 2021.