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16 01:18:42 On November 10 of the current year, Flores Mills sold carpet to a customer for $8,800 with credit terms 2/10, n/30. Flores uses
16 01:18:42 On November 10 of the current year, Flores Mills sold carpet to a customer for $8,800 with credit terms 2/10, n/30. Flores uses the gross method of accounting for sales discounts. What is the correct entry for Flores on December 5, assuming the correct payment was received on that date? Multiple Choice Account Title Debit Credit 8,976 Cash Accounts receivable Sales discounts forfeited Cash 8,800 176 Account Title Debit Credit 8,800 Accounts receivable Cash 8,800 Account Title Debit Credit 8,see Accounts receivable Interest revenue Cash 8,624 176 Account Title Debit Credit 8,800 Accounts receivable Sales discounts revenue 8,624 176
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