Cornerstone Exercise 5-25 (Algorithmic) Sales Discounts Ramsden Inc. provided consulting services with a gross price of $43,000 and terms of 2/10, n/30 Hide 1. Prepare the necessary journal entries to record the sale under the gross method. Account and Explanation Debit Credit Record sale Hide 2. 2. Prepare the necessary journal entries 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. Account and Explanation Debit Credit Record collection within discount period