Question: Your answer is partially correct. Concord Co . uses the net method to account for cash discounts. On June 1 , 2 0 2 5

Your answer is partially correct.

Concord Co

.

uses the net method to account for cash discounts. On June

1, 2025,

it made sales of $

66, 600

with tems

\frac{4}{15}, \frac{n}{45} .

On June

12, 2025 .

Concord received full payment for the June

1

sale.

Prepare the required journal entries for Concord Co

. (

ff no entry is required, select

"

No Entry" for the account titles and enter ofor the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent marually. List ali debit entries before credit entries. Record journal entries in the order presented in the problem.

)

Date Account Titles and Explanation

Debit

Credit

June

1

Accounts Recelvable

Sales Revenue

June

12

Cash

Accounts Recelvable

eTextbook and Media

List of Accounts

Attempts:

1

3

used

Your answer is partially correct. Concord Co. uses the net method

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