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Prepare the appropriate journal entry(s) for the following transaction made by Steel Alte matives Corp. during March. Note: Steel Alternatives Corp. records sales using the

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Prepare the appropriate journal entry(s) for the following transaction made by Steel Alte matives Corp. during March. Note: Steel Alternatives Corp. records sales using the NET method. On March 6 Steel Alternatives Corp. sold 1.5 million The terms of the sale were 2 / 10 / 30 pounds of aluminum to Southern Framing Inc. Selling price per pound $ COGS per pound is 0.89 0.36 S On March 20 Steel Alternatives Corp. received payment from Southern Framing Inc

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