The O'Sheet Linen Company sold $30,000 of inventory to the Bogus Company for $50,000 on account on 3/1/18 Terms 3/10, 1/30. Bogus took advantage of the discount for half of their liability and paid the reminder within the 30 day term Assume they use the gross method. Record all journal entries. 7 A B 1 T: Account Debit Credit