17) On March 12, Klein Company sold merchandise in the amount of $7,800 to Babson Company, with credit terms of 2/10. n/30. The cost of the items sold is $4,500. Klein uses the perpetual inventory system and the gross method of accounting for sales. Babson pays the invoice on March 17 and takes the appropriate discount. The journal entry that Klein makes on March 17 is:: Account Title: Debit Credit Cash 7,800 Accounts Receivable 7,800 Account Title Debit Credit Cashi 4,500 Accounts Receivable 4,500 Account Title Debit Credit Cash 7,644 Sales Discounts 156 Accounts Receivable 7,800 Account Title Debit Credit: Cash 7,644 Accounts Receivable Debit Icash 7,644 Account Title Credit 0 Account Title Debit Cash 4,500 Credit Accounts Receivable 4,500 Account Title Debit Credit Cash 7,644 Sales Discounts 156 Accounts Receivable 7,800 Account Title Debit Credit Cash 7,644 Accounts Receivable 7,644 Account Title Debit Credit Cash 4,410 Sales Discounts 90 Accounts Receivable 4,500