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Sales Discounts Not Taken Gordon's Grocers purchases bread from Buddy's Bread Company at $2.35 per loaf. Gordon's engaged in a customer service contract to

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Sales Discounts Not Taken Gordon's Grocers purchases bread from Buddy's Bread Company at $2.35 per loaf. Gordon's engaged in a customer service contract to purchase 26,000 loaves of Buddy's bread. Buddy offered credit at terms of 2/10, n/30 and expects Gordon to pay within the discount period. Required: Prepare the journal entry assuming the payment is made after 10 days (after the discount period). If an amount box does not require an entry, leave it blank.

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