Sales Discounts On November 1, Rosario Company sold goods on account for $7,000. The terms of the sale were 3/10, n/40. Payment in satisfaction of $3,000 of this amount received on November 9. Payment in satisfaction of the remaining $4,000 was received on December 9. 1. How much cash did Rosario Company collect from this $7,000 account? Hide 2. Using the gross method, what journal entries would Rosario make on November 9 and December 97 If an amount box does not require an entry, leave i blank