Brief Exercise 5-59 Sales Discounts (Appendix 5A) Ramsden Inc. provided consulting services with a gross price of $25,000 and terms of 2/10, n/30. Required: 1. Prepare the necessary journal entry to record the sale under the gross method. Accounts Receivable Sales Revenue Record sale Feedback Check My Work 25,000 25,000 2. Prepare the necessary journal entry to record collection of the receivable, assuming the customer pays within 10 days. If an amount box does not require an entry, leave it blank. Cash Sales Discounts X Accounts Receivable 24,000 X 0 0 500 25,000 Record collection within discount period