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  3. on may 1, stacie, inc. sold goods for $76,000, ter

On May 1, Stacie, Inc. sold goods for $76,000, terms of 2/10, n/30. c. Prepare...

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Accounting

On May 1, Stacie, Inc. sold goods for $76,000, terms of 2/10, n/30. c. Prepare the journal entry to record the receipt of the payment, assuming collection is made on May 31 and the net price method is used. d. Prepare the journal entry to record the receipt of the payment, assuming collection is made on May 9 and the gross price is used.

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