15 . WII July &, SHIED COMPANY Sells Foods on credit to Wooley Company for $3, JUN, LEVIN 5 1/10, N'GO. Sheb receives payment on July 18 . The entry by Shed on July 18 is : a . Cash . 5, 000 Accounts Receivable .. 5, 000 b . Cash . 5, 000 Sales Discounts . 50 Accounts Receivable . $1, 950 [ . Cash ...... . . " 4. 950 Sales Discounts . 50 Accounts Receivable . 5, 000 J. Cash . 5, 050 Sales Discounts . 50 Accounts Receivable . 5, 000