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A company sold inventory to a customer on account, terms 2/15 n/30. The selling price was $1,500 and the company's cost was $600. Freight terms

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A company sold inventory to a customer on account, terms 2/15 n/30. The selling price was $1,500 and the company's cost was $600. Freight terms were FOB shipping point and freight charges totalled $125. The entry to record the sale would include a: credit to Accounts Receivable for $1,470. debit Accounts Receivable for $1,625. debit to Sales Revenue for $600. credit to Sales Revenue for $1.500

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