Choose the correct journal entries for the seller for the following transaction: Sold merchandise on account to customer for $80,000, terms 1/15, n/45. Cost of Merchandise Sold was $60,000

A.

Accounts Receivable 79,200

Sales 79,200

Cost of Merchandise Sold 60,000

Merchandise Inventory 60,000

B.

Cash 79,200

Sales Discount 800

Accounts Receivable 80,000

C.

Cash 80,000

Sales 80,000

Cost of Merchandise Sold 60,000

Merchandise Inventory 60,000

D.

Accounts Receivable 80,000

Sales 80,000

Cost of Merchandise Sold 60,000

Merchandise Inventory 60,000