Question: On May 12, 2024, Falwell Computing sold five computers to Computing Plus for $10,000, subject to terms 3/10, n/30. Falwell uses the net method of
On May 12, 2024, Falwell Computing sold five computers to Computing Plus for $10,000, subject to terms 3/10, n/30. Falwell uses the net method of accounting for sales discounts. Required: 1. Prepare the journal entry to record the sale. 28 8. Prepare the journal entries to record receipt of the payment, assuming the correct amount was received on May 20,2024 and June 5,2024 Complete this question by entering your answers in the tabs below. Prepare the journal entry to record the sale: Note: If no entry is required for a transactionevent, select "No joormal entry recuirec" in the first account hieid Journal entry worksheet
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