Forever Jewelers uses the perpetual inventory system. On April 2, Forever sold merchandise with a cost of $5,000 for $7,000 to a customer on account with terms of 2/15, n/30. Which of the following journal entries correctly records the payment received from the customer on April 29? OA. Cash Sales Discounts Forfeited Accounts Receivable OB. Cash OC. Cash Accounts Receivable Accounts Receivable Sales Discounts Forfeited O D. Cash Accounts Receivable 6,860 140 7,000 7,000 6,860 7,000 7,000 6,860 140 6,860

Forever Jewelers uses the perpetual inventory system. On April 2, Forever sold merchandise with a cost of $5,000 for $7,000 to a customer on account with tems of 2/15,n/30. Which of the following journal entries corfectly records the payment received from the customer on April 29