Company X sold inventory for $120,000 on December 15 with the terms 3/30, n/100. On January 30 , they received payrfient for the balance due. The company uses the net method to record sales. Which of the following is true? Company X records an increase in cash of $116,400 on January 30 Company X records a reduction in accounts receivable of $116,400 on January 30 Company X records sales revenue of $120,000 on December 15 All of the above are false