In December, a Global Grocer customer pays in time and receives a 2% discounts for prompt payment. The customer had purchased goods worth $500. Which of the possible answers below correctly states the journal entries to record the payment and the discount taken. Previously, Global Grocer had established an allowance for prompt payment discounts. O Debit Accounts receivable ($500); Credit Cash ($490); credit allowance for discounts ($10) O Debit Cash ($500); Credit Accounts receivable ($500) O Debit Cash ($490); Debit Allowance for sales discounts ($10); Credit Accounts receivable ($500) None of the above