ABC Merchandising Company recognized $1.500 of revenue on account from the sale of merchandise which had a $1.000. Merchandise was sold with terms 2/10,6/30. Which one of the following journal entries would record a payment in full within the discount period? None of these journal entries are correct because COGS must be debited instead of Revenue Account Cash Revenue Accounts Receivable Debit Credit 900 100 1,000 Account Cash Revenue Accounts Receivable Debit Credit 980 20 1,000 Account Cash Revenue Accounts Receivable Debit Credit 1,470 30 1,500 Account Cash Revenue Accounts Receivable Credit Debit 1,350 150 1,500