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3. A sales transaction of $5,000 provides the customer a cash discounts of 2/15, n/30. If the firm adopts the gross method to account for

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3. A sales transaction of $5,000 provides the customer a cash discounts of 2/15, n/30. If the firm adopts the gross method to account for the transaction initially and the customer did take advantage of the discount within 15 days, the journal entry on the date of payment involves A debit of 100 to Sales Discount A debit of 100 to Sales Discount Forfeited c. A credit of 100 to Sales Discount d. A credit of 100 to Sales Discount Forfeited a. b

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