Argyle Corp. uses the gross method or recording sales discounts. Assume that Fitzgerald, Inc. made a $12,000 purchase with terms of 2/10, n/30. When it pays in the discount period, what is the correct journal entry? 
Definitions:
Masked Bandits
Slang term often used to refer to raccoons, due to their distinctive facial markings and nocturnal thievery.
Victims
Individuals who have been harmed, injured, or killed as a result of a crime, accident, or other event or action.
Social Loafing
The phenomenon where individuals exert less effort to achieve a goal when they work in a group compared to when they work alone.
Underestimating
The act of judging something to be less in quantity or importance than it actually is.
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