On February $14,2024,$ Prime Company sold $80$ air$-$conditioning units to L&P Heating and Cooling. The units list for $$700$ each, but L&P was granted a $25\%$ trade discount. All of Prime's sales are subject to terms $\frac{2}{10},\frac{n}{30}.$ Prime uses the net method of accounting for sales discounts.

Required:

Prepare the journal entry to record the sale.

$2$ & $3.$ Prepare the journal entries to record receipt of the payment, assuming the correct amount was received on February $22,2024$ and March $10,2024.$

Answer is not complete.

Complete this question by entering your answers in the tabs below.

Req $1$

Req $2$ and $3$