15. Your business receives a payment from a credit customer, the amount being 650. This receipt is in full settlement for an invoice of 665 (i.e. a 15 discount is allowed to the customer). What are the accounting entries for the customer receipt?

a. Debit bank 665: Debit Discounts allowed 15: Credit accounts receivable 650

b. Credit bank 650: Debit Discounts allowed 15: Credit accounts receivable 665

c. Debit bank 650: Debit Discounts allowed 15: Credit accounts receivable 665

d. Credit bank 665: Credit Discounts allowed 15: Debit accounts receivable 650