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Recording Cash Discount Entries ---Net Method Lynx inc sells apparel merchandise to Dyson incat a gross sales price of 5350, credit terms 2/10, 1/30 on

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Recording Cash Discount Entries ---Net Method Lynx inc sells apparel merchandise to Dyson incat a gross sales price of 5350, credit terms 2/10, 1/30 on July 10, 2020 Dyson pays for the merchandise in full on July 19,2020 Record the entries required on July 10, 2020, and July 19,2020, for Lynx Inc. assuming use of the net method in accounting for credit sales. Omit the cost of goods sold entry Note: Round your answers to the nearest whole number Date Aerunt Name Cr July Next Cash Accounts fecewater Alowance for Doutons Interest Tento Inventory-wid Batu Rotund List Sales Revue Sauna Sales Sie Discount Forfend Cost of Goods Sold Bos Deot Expense NIA Recording Cash Discount Entries--Net Method Lynx Inc. sells apparel merchandise to Dyson Inc. at a gross sales price of $350, credit terms 2/10, 1/30 on July 10, 2020. Dyson pays for the merchandise in full on July 19, 2020 Record the entries required on July 10, 2020, and July 19, 2020, for Lynx Inc, assuming use of the net method in accounting for credit sales. Omit the cost of goods sold entry Note: Round your answers to the nearest whole number Date Account Name Cr. July 10 Dr. . Ny 19

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