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Shamrock Co. uses the gross method to record sales made on credit. On June 1, 2017, it made sales of $54, 200 with terms 3/15,
Shamrock Co. uses the gross method to record sales made on credit. On June 1, 2017, it made sales of $54, 200 with terms 3/15, n/45. On June 12, 2017, Shamrock received full payment for the June 1 sale. Prepare the required journal entries for Shamrock Co. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
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