during 2016 bava corporation sold merchandise for a total of 600000 the cost of merchandise to bava was $450000 bava offers credit terms of 1/10, n/30 to encourage early payment. at year end there are $15000 of sales still eligible for the 1% discount. Bava believes that all of the companies will pay within the discount period to receive the 1% discount Assume Bava's fiscal year is December 31

Bava's Adjusting journal entry will include

a) a debit to sales discounts for $150

b) a creit to allowance for sales discount for$1500

c) a debit to sales discounts for 1500

d) a credit to sales discounts for 150

e) no adjusting journal entry is required discount will be recognized when payment is recieved