Question: Brief Exercise 7-02 Sheffield Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $60,000 with

Brief Exercise 7-02 Sheffield Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $60,000 with terms 4/15, n/45. On June 12, 2020, Sheffield received full payment for the June 1 sale Prepare the required journal entries for Sheffield Co. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Account Titles and Explanation Date Debit Credit
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