Appendix 1: Gross method for sales discounts Schofield Co, sold merchandise on account to 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 of recording sales discounts. a. Journalize 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 (21 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. ournalize the antries 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 BB