BE7 3 Use the info in 7 2, assuming Restin Co. uses the net method to account for cashdiscounts. Prepare the required journal entries for Restin Co.
June 1 Accounts Receivable……………………………………….. 48,500
*Sales Revenue…………………………………………. 48,500
June 12 Cash………………………………………………………….. 48,500
Accounts Receivable…………………………… 48,500