Sayers Co. sold merchandise on account to a customer for $80,000 terms 2/10, n/30. The cost of

Question:

Sayers Co. sold merchandise on account to a customer for $80,000 terms 2/10, n/30. The cost of the goods sold was $58,000. Journalize Sayers' entries to record
(A) The sale,
(B) The receipt of payment within the discount period,
(C) The receipt of payment beyond the discount period of ten days.