20-In July the following transactions occurred in the shoeshine Leather Company. The Rocking shoes company purchased $48900 worth of leather on July 7, return $525 worth of leather as scratched on July 8, and then returned another $500 worth of leather on July 20. The following week, they paid $ 30000 on their account. In Accounts Receivable, their beginning balance on July 1 was $15000. Which of the following sets of entries should be posted to Accounts Receivable during the entire months of July?

A-Debit Accounts Receivable $48900; credit Accounts Receivable $ 725; credit Accounts Receivable $30,000(Final Balance $18175).

B-Debit Accounts Receivable $48900; credit Accounts Receivable $ 725; credit Accounts Receivable $30,000(Final Balance $33175).

C- Credit Income $30000; debit income $ 500; credit Accounts Receivable $250; debit account Receivable $48900(Final Balance $63650).

D-Credit account Receivable $48900; credit Accounts Receivable $ 500; credit Accounts Receivable $30,000 (Final Balance -$63650).

E-Credit account Receivable $48900; credit income $ 500; credit Accounts Receivable $225 (Final Balance -$34125).