Question
19- On May 5, Sugar Too company received $5684 from Sweetum Candy company with 2% net 10 on Sweetum's Accounts Receivable balance of $ 5800.
19- On May 5, Sugar Too company received $5684 from Sweetum Candy company with 2% net 10 on Sweetum's Accounts Receivable balance of $ 5800. Which of the following transactions would sugar Too'S bookkeeper post in order to record this?
A-Credit Accounts Receivable $5800; debit Cash $5684; Debit Allowance for Sales
Discounts $116.
B-Credit Accounts Receivable $5800; Debit cash $5800.
C-Credit Cash $5800; debit Accounts Receivable $5684; Debit Allowance for sale Discounts
$11,484.
D-Credit Allowance for Sales discounts $ 5684; debit Cash $5684.
E-Credit Sales Expense $116; debit Cash $ 5864.
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