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Dessert Corp. has sold goods at terms 2/10,n/30. If the discount is not taken, the amount receivable is $8,725. The entry to record the sale
Dessert Corp. has sold goods at terms 2/10,n/30. If the discount is not taken, the amount receivable is $8,725. The entry to record the sale is a) a debit and credit of $7,852.50 to Accounts Receivable and Sales respectively. b) a debit and credit of $8,550.50 to Accounts Receivable and Sales respectively. c) a debit and credit of $8,725 to Accounts Receivable and Sales respectively. d) debits of $8,550.50 and $174.50 to Accounts Receivable and "Forfeited Sales Discounts" respectively, and a credit to Sales for the total
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