Cash On November 10 of the current year, Cherokee Industries sold materials to a customer for $8.000 with credit terms 2/106/30, Cherokee uses the net method of accounting for What entry would Cherokee make on December 10, assuming the correct payment was received on that date? Cash 8,000 Accounts receivable 7,840 Discounts revenue 160 8.000 Accounts receivable 8.000 8.000 Accounts receivable 7.840 Sales discounts forfeited 150 cash 8.160 Accounts receivable 8.000 Sales discounts forfeited O cash 160