Scott's Cycles sells merchandise on credit termis of 3/15,n/30. A sale invoiced at $1,500 (cost of sales $1,260) was made to Shannan Alien on February 1 . The company uses the gross method of recording soles discounts. Required: 1. Give the joumal entry to record the credit sale. Assume use of the perpetual inventory system. 2. Give the joumal entry, assuming that the account was collected in foll on February 9. 3. Give the joumal entry, assuming instead that the account was collected in full on March 2. On March 4, the company purchased bicycles and accessories from a suppller on credit, invoiced at $8,200; the terms were 3/10, n/30. The company uses the gross method to record purchases. Required: 4. Give the joumal entry to record the purchase on credit. Assume the use of the perpetual inventory system. 5. Give the journol entry, ossuming that the account was paid in full on March 12 . 6. Give the journal entry, assuming, instead, that the account was paid in full on March 28 . Complete this question by entering your answers in the tabs below. 1. Give the joumal entry to record the credit sale. Assume use of the perpetual inventary system. 2. Give the fournal entry, assuming that the account was collected in full on February 9. 3. Give the journal entry, assuming instead that the account was collected in full on March 2 (ar no encry is requireo ror a transactionyevenc, senet wo journas entry requireo in the nrst account meio, ) Journal entry worksheet 4 Record the credit sale, assuming a perpetual inventory system is used. Note: Enter debits before credts