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

Your answer is partially correct.
Sheffield Co. uses the net method to account for cash discounts. On June 1,2025, it made sales of $60,100 with terms 315,n45. On
June 12,2025, Sheffield received full payment for the June 1 sale.
Prepare the required journal entries for Sheffield Co.(If no entry is required, select "No Entry" for the account titles and enter 0 for the
amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before
credit entries. Record journal entries in the order presented in the problem.)
Date
Account Titles and Explanation
Debit
Credit
Accounts Receivable
Sales Revenue
Cash
Accounts Receivable
eTextbook and Media
List of Accounts
 Your answer is partially correct. Sheffield Co. uses the net method

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