Question: Restin plc uses the gross method to record sales made on credit. On June 1, 2019, it made sales of 50,000 with terms 3/15, n/45.

Restin plc uses the gross method to record sales made on credit. On June 1, 2019, it made sales of ¥50,000 with terms 3/15, n/45. On June 12, 2019, Restin received full payment for the June 1 sale. Prepare the required journal entries for Restin plc.

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