Financial AccountingAnswers 1Bids 11Other questions 10,Financial AccountingAnswers 1Bids 11Other questions 10

Prepare the journal entry1) Bolton sold merchandise with a price of $35,000 to Sammy’s Wholesale Company. Bolton offered terms of 1/10, n/30 and expects Sammy to pay within the discount period.2)  Prepare the journal entry assuming the payment is made within 10 days (within the discount period).