Question: View Policies Current Attempt in Progress Martinez Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales
View Policies Current Attempt in Progress Martinez Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $64,000 with terms 2/15, 1/45. On June 12, 2020, Martinez received full payment for the June 1 sale. Prepare the required journal entries for Martinez Co. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
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