Concord Corporation receives a payment on account from Bridgeport Industries. Based on the original sale of $11300 using the pericdic inventory approach, Concord Corporation honors the 2% cash discount and records the payment. Which of the following the corect entry for Concord Corporation record? 11300 Accounts Receivable 7274 Cash Purchase Discounts 110 Discounts 11300 Accounts Receivable Cash 11074 226 Purchase Discounts 11300 Accounts Pavable Cash 11074 Sales Discounts 226 Inventory 11300