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P & G Auto Parts sells parts to AAA Car Repair during 2024. P &...

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Accounting

P & G Auto Parts sells parts to AAA Car Repair during 2024. P & G offers rebates of 5% on purchases up to $100,000 and 8% on purchases above $100,000 if the customers purchases for the year exceed $400,000. In the past, AAA normally purchases $600,000 in parts during a calendar year. On March 25, 2024 AAA Car Repair purchased $300,000 of parts. P & Gs journal entry to record AAAs 3/25/24 purchase will include a credit to Sales revenue for

a.

$285,000.

b.

$300,000.

c.

$276,000.

d.

$279,000.

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