For this question, do not worry about computing or recording the cost of the goods sold. It will just be ignored. Record the effect on the accounting equation of the two following transactions using the GROSS method for recording sales discounts (You must fill in any unused answer blocks in with zeros) Record any revenues or expenses directly into Retained Earnings 1. The Jackson Company makes a sale on June 1 for $3900 with the terms 1/10 n/30. 2. The Jackson Company receives the payment in full on June 4 for the items sold above. Cash 1 2 Assets = 3 What is the Not calor Accounts Receivable Liabilities + Accounts Payable Contributed Capital Equity Retained Earnings