(Solved): During the months of January and February, Solitare Corporation sold goods to two customers. The se ...

During the months of January and February, Solitare Corporation sold goods to two customers. The sequence of events was as follows: January 6 Sold goods for \( \$ 600 \) to Wizard Incorporated with terms \( 2 / 30, \mathrm{n} / 60 \). The goods cost solitare \( \$ 150 \). January 6 sold goods to Spyder Corporation for \( \$ 240 \) with terns \( 5 / 10, n / 60 \). The goods cost solitare \$140. January 14 collected cash for the amount due from Nizard Incorporated. February 20 collected cash for the amount due from spyder corporation. Required: Prepare journal entries to record the transactions, assuming Solitare records discounts using the gross method in a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the sales on account of \( \$ 600 \) to Wizard incorporated on terms \( 2 / 10 \), \( \pi / 30 \) Note: Enter debits before credits.