Exercise 8.15 recording a sale made on account, with a sales discount. lo 8-7 on april 1, moloney meat distributors sold merchandise on account to fronke’s franks for $3,630 on invoice 1001, terms 1/10, n/30. the cost of merchandise sold was $2,260. payment was received in full from fronke’s franks, less discount, on april 10. record the transactions for moloney meat distributors on april 1 and april 10. the company uses the perpetual inventory system.