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QUESTION 4 Jane sold goods to Johnno for $4400 including GST. Johnno paid his account...

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QUESTION 4 Jane sold goods to Johnno for $4400 including GST. Johnno paid his account within the discount period and received a settlement discount of 5%. Using the gross method, which of the following is the correct entry in Jane's books to record Johnno's payment? DR Cash $4180; DR Discount allowed $200; DRGST payable $20: CR Accounts receivable $4400 DR Cash $4200; DR Discount allowed $200; CR Accounts receivable $4400 DR Cash $4180: DR Discount allowed $220: DR GST payable $20: CR Accounts receivable $4420 DR Cash $4180; DR Discount allowed $220; CR Accounts receivable $4400

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