Spanner Inc. sells $160,000 of women's sportswear to The Bay under credit terms of 2/10, net 30 on August 1, 2014. Spanner's cost of goods sold is $76,000, and Spanner receives the appropriate amount of cash from The Bay on August 10, 2014. Assume Spanner Inc. uses a periodic inventory system. Journalize Spanner's transactions for August 1, 2014, and August 10, 2014.