Rama Inc. provided consulting services with a gross price of $37,400 and terms of 2/10, n/30. Required: 1. Prepare the necessary journal entry to record the net sales to be reported in the financial statements. Accounts Receivable Sales Revenue Record sale Feedback 2. Prepare the necessary journal entry to record collection of the receivable assuming the customer pays within 10 days. For those boxes in which no entry is required, leave the box blank. Account and Explanation Cash Sales Discounts Accounts Receivable Record collection within discount period Debit Credit