Part 3 of 3 In an effort to increase sales during the upcoming year, Lynbrook implemented a new credit policy of offering terms of 3/15, n/30. Your CFO is trying to decide between the NET method of recording receivables and the GROSS method, so she asked you to prepare entries using both methods. Information: On August 20, 2020, Lynbrook billed Scan House Properties, Inc. $35,000 for security services provided during the first week of August. Required: Net Method entries 1. Prepare the journal entry to record the sale using the net method on August 20, 2020. 2. Prepare the journal entry assuming the payment is received on August 26, 2020. 3. Prepare the journal entry assuming the payment is not received until September 10, 2020. Gross Method entries 4. Prepare the journal entry to record the sale using the gross method on August 20, 2020. 5. Prepare the journal entry assuming the payment is received on August 26, 2020. 6. Prepare the journal entry assuming the payment is not received until September 10, 2020