Current Attempt in Progress On June 3, Splish plc sold to Arquette Company merchandise having a sales price of 3,400 with terms of 3/10, n/60. An invoice totaling 98, terms n/30, was received by Arquette on June 8 from John Booth Transport Service for the freight cost. On June 12, the company received a check for the balance due from Arquette Company. Questic Accountin Questio Accountin Your answer is partially correct. Prepare journal entries on the Splish plc books to record sales and receivables for all the events noted above under each of the following bases. (1) Sales and receivables are entered at gross selling price. (2) Sales and receivables are entered at net of cash discounts. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented Questic Accountin Questi Accountin Viewin 8 Accounta Questi Accountin Question 8 of 11 0.79/1 : (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation me 3 Accounts Receivable Sales Revenue 12 Cash Sales Discounts Accounts Receivable ine 3 Accounts Receivable Sales Revenue ine 12 Cash Accounts Receivable. eTextbook and Media Debit 3400 3332 68 3332 3332 Credit 3400 3400 3332 3332 Qu Your answer is partially correct. Prepare the journal entry under basis (a)(2), assuming that Arquette Company did not remit payment until July 29. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Acci Qu Acce Qu Acc July 29 Cash Accounts Receivable Sales Discounts Forfeited eTextbook and Media 3400 Qu Acc 68 Vie 3332 8 Acc QL Acc