On July 1, Willette Corp. made a sale of $ 650,000 to Luc, Inc. on account. Terms

Question:

On July 1, Willette Corp. made a sale of $ 650,000 to Luc, Inc. on account. Terms of the sale were 2/10, n/30. Luc makes payment on July 9. Willette uses the gross method when accounting for sales discounts. Ignore cost of goods sold and the reduction of inventory.
a. Prepare all Willette’s journal entries.
b. What net sales does Willette report?