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Sarasota Co.uses the net method to account for cash discounts. On June 1, 2020, it made sales of $ 57,900 with terms 3/15, 1/45. On

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Sarasota Co.uses the net method to account for cash discounts. On June 1, 2020, it made sales of $ 57,900 with terms 3/15, 1/45. On June 12, 2020, Sarasota received full payment for the June 1 sale. Prepare the required journal entries for Sarasota Co. of no entry is required, select "No Entry for the account titles and enter for the amounts Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Credit Debit Account Titles and Explanation

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