Question: Question 2 --/1 View Policies Current Attempt in Progress Ivanhoe Co. uses the gross method to record sales made on credit. On June 1, 2017,

Question 2 --/1 View Policies Current Attempt in Progress Ivanhoe Co.

Question 2 --/1 View Policies Current Attempt in Progress Ivanhoe Co. uses the gross method to record sales made on credit. On June 1, 2017, it made sales of $60,000 with terms 3/15, n/45. On June 12, 2017, Ivanhoe received full payment for the June 1 sale. Prepare the required journal entries for Ivanhoe Co. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit June 1 June 12

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