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Pierce Company sold to Stanton Company merchandise on account FOB shipping point, 2/10, net 30,...

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Accounting

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Pierce Company sold to Stanton Company merchandise on account FOB shipping point, 2/10, net 30, for $500. Pierce prepaid the $35 shipping charge. Which of the following entries does Pierce make to record this sale? O Accounts Receivable-Stanton, debit $35; Sales, credit $35 O Accounts Receivable-Stanton, debit $490; Sales, credit $490, and Accounts Receivable-Stanton, debit $35; Cash, credit $35 Accounts Receivable-Stanton, debit $535; Sales, credit $535 Accounts Receivable-Stanton, debit $35; Sales, credit $35, and Transportation Out, debit $500; Cash, credit $500

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