Journalize the following transactions for the Pool Warehouse. Explanations are not required. a. The Pool Warehouse sold

Question:

Journalize the following transactions for the Pool Warehouse. Explanations are not required.
a. The Pool Warehouse sold $55,000 of merchandise to Sonny’s Spas, Inc. on account, terms 2/15, n/30. The merchandise cost the Pool Warehouse $30,250.
b. Received payment for the goods from Sonny’s Spas, Inc. within the discount period.