For problems that ask for a single amount your final response should appear on the first line and should be clearly identified as your final response. Your labeled calculations should follow your final response 4. You should not use any other resource humain electronic paper, etc. except as noted above and your brain. Question 4 27 pts On July 22, Peter sold $2.500 of inventory items on credit with the terms 2/15, net 30. Payment on $15,000 of sales was received on August 1 On August 9th, the customer returned $500 of defective inventory to Peter. The remaining payment was received on August 12. Assume Peter uses the gross method of accounting for sales on account Instructions: Prepare the journal entries on August 1 and August 12 include the date for each journal entry, Round calculations to whole dollars (no decimals, show your calculations and tabel the numbers (with words Edit View insert Format Tools Table 12ptParagraph B IOA 2 g BE Sale discount Accounts Receivables 15000 E BE August 12 tabletbody.id 10 words