Question: On May 12, 2018. Falwell Computing sold five computers to Computing Plus for $10,800, subject to terms 1/10, 1/30. Falwell uses the net method of

On May 12, 2018. Falwell Computing sold five computers to Computing Plus for $10,800, subject to terms 1/10, 1/30. Falwell uses the net method of accounting for sales discounts. Required: 1. 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 May 20, 2018 and June 5, 2018 Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 Prepare the journal entry to record the sale. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list View journal entry worksheet Data Credit Debit 9.289 May 12, 2018 Accounts receivable Sales revenue 9.289 Reg 2 and 3 > Reg 1 Req 2 and 3 Prepare the journal entries to record receipt of the payment, assuming the correct amount was received on May 20, 2018 and June 5, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Credit Date May 20, 2018 General Journal Cash Accounts receivable Debit 9.829 9.829 June 05, 2018 9,289 Cash Accounts receivable 9,189 100 Interest revenue
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