Merchandise costing $2,300 is sold for $3,300 on terms 2/10, n/30. if the buyer pays within the discount period, prepare the journal entries needed at the time of sale and collection, assuming the company uses a perpetual inventory system. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)a) record the sales on account of $3,300 on terms 2/10, n/30.b) record the cost of goods sold of $2,300.c) record during the discount period the payment in full for the sales on account.