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With Excel Formulas with the answers please. Stevenson Company manufactures bicycles. On August 15, 2023, the company sold 2,250 bikes to a customer for $500

With Excel Formulas with the answers please.

Stevenson Company manufactures bicycles. On August 15, 2023, the company sold 2,250 bikes to a customer for $500 each. The terms of the sale were 2/10, n/30. Stevenson uses the gross method of accounting for cash discounts.
Bikes sold 2,250
Selling price per unit $500
Terms 2 /10, n/30
1. Prepare the journal entry to record the sale on August 15 (ignore cost of goods).
Date General Journal Debit Credit
August 15, 2023
0
2. Assume the customer pays the amount due on August 23, 2023. Prepare the journal entry to record the collection.
Date General Journal Debit Credit
August 23, 2023
3. Assume instead the customer does not pay until September 14, 2023. Prepare the journal entry to record the collection.
Date General Journal Debit Credit
September 14, 2023
0

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