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On February 14,2024 , Prime Company sold 80 air-conditioning units to L\&P Heating and Cooling. The units list for $750 each, but L\&P was granted a 20% trade discount. All of Prime's sales are subject to terms 2/10,n/30. Prime uses the net method of accounting for sales discounts. Required: 1. Prepare the journal entry to record the sale. 2&3. Prepare the journal entries to record receipt of the payment, assuming the correct amount was received on February 22, 2024 and March 10, 2024. Complete this question by entering your answers in the tabs below. Prepare the journal entry to record the sale. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the sale. On February 14, 2024, Prime Company sold 80 air-conditioning units to L\&P Heating and Cooling. The units list for $750 each, but L\&P was granted a 20% trade discount. All of Prime's sales are subject to terms 2/10.n/30. Prime uses the net method of accounting for sales discounts. Required: 1. Prepare the journal entry to record the sale. 2&3. Prepare the journal entries to record receipt of the payment, assuming the correct amount was received on February 22, 2024 and March 10, 2024. Complete this question by entering your answers in the tabs below. Prepare the journal entries to record receipt of the payment, assuming the correct amount was received on February 22, 2024 a March 10, 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record receipt of the payment, assuming the correct amount was received on February 22, 2024. Required: 1. Prepare the journal entry to record the sale. 2& 3. Prepare the journal entries to record receipt of the payment, assuming the correct amount was received on February 22, 2024 and March 10, 2024. Complete this question by entering your answers in the tabs below. Prepare the journal entries to record receipt of the payment, assuming the correct amount was received on February 22,2024 a March 10, 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record receipt of the payment, assuming the correct amount was received on March 10, 2024

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