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Pronghorn Co. uses the net method to account for cash discounts. On June 1,2020,it made sales of $54,300 with terms 3/15, n/45.On June 12, 2020,

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Pronghorn Co. uses the net method to account for cash discounts. On June 1,2020,it made sales of $54,300 with terms 3/15, n/45.On June 12, 2020, Pronghorn received full payment for the June 1 sale Prepare the required journal entries for Pronghorn Co. (f no entry is required, select "No Entry for the account titles and enter O for the amounts. Credit account oitles are automatically indented when the amount is entered. Do not indent manually Record journal entries in the order presented in the problem) Debit Credit Account Titles and Explanation Date

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