Recording Cash Discount Entries$-$Gross Method

Module

Lynx Inc. sells apparel merchandise to Dyson Inc. at a gross sales price of $$595,$ credit terms $\frac{2}{10},\frac{n}{30}$ on July $10.$ Dyson pays for the merchandise in full on July $19.$ Record the entries required on July $10$ and July $19$ for Lynx Inc. assuming use of the gross method in accounting for credit sales. Omit the cost of goods sold entry.

Note: Round your answer to the nearest whole number.

$\backslash$table$[[$Date$,$Account Name,Dr$.,$Cr$.],[$July $10,,0,0],[,0,0],[$To record the sale.,,$],[$July $19,,0,0],[,0,0],[,0,0],[$To record the payment.,,$]]$