4) On November 10 of the current year, a company provides services on account to...
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Accounting
4)
On November 10 of the current year, a company provides services on account to a customer for $8,000 with credit terms 2/10, n/30. The customer made the correct payment on November 17. How would the company record the collection of cash on November 17?
| a. | Cash7,840 Accounts Receivable7,840 | |
| b. | Cash7,840 Sales Revenue 160 Accounts Receivable8,000 | |
| c. | Cash8,000 Accounts Receivable8,000 | |
| d. | Cash8,000 Sales Discount160 Accounts Receivable7,840 | |
| e. | Cash7,840 Sales Discount 160 Accounts Receivable8,000 |
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