Appendix 1: Gross method for sales discounts Schofield Co. sold merchandise on account Bernard Retail Inc. for $15,000, terms 2/10, n/30. The cost of the merchandise sold was $8,000. Assuming Schofield Co. uses the gross method recording sales discounts. a. Joumalize the entries to record (1) the sale, including (2) the cost of the goods sold. If an amount box does not require an entry, leave it blank. (1) b. Journalize the entries to record the receipt of payment assuming it is made within the discount period. If an amount box does not require an entry, leave it blank. c. Journalize the entries to record the receipt of payment assuming it is made beyond the discount period. If an amount box does not require an entry, leave it blank. Accounts Payable-Bemard Retail Inc. Accounts Receivable-Bernard Retail Inc. Cash Cost of Goods Sold Sales Sales Discounts Sales Returns and Allowances