In July, the following transactions occurred in the Shoeshine Leather Company. The Rocking Shoes Company purchased $48,900 worth of leather on July 7, returned $225 worth of leather as scratched on July 8, and then returned another $500 worth of leather on July 20. The following week, they paid $30,000 on their account. In Accounts Receivable, their beginning balance on July 1 was $15,000. Which of the following sets of entries should be posted to Accounts Receivable during the entire month of July? Select the single best answer: A. debit Accounts Receivable $48,900; credit Accounts Receivable $725; credit Accounts Receivable $30,000 (final balance $18,175) B. debit Accounts Receivable $48,900; credit Accounts Receivable $725; credit Accounts Receivable $30,000 (final balance $33,175) C. credit Income $30,000; debit Income $500; credit Accounts Receivable $250; debit Accounts Receivable $48,900 (final balance $63,650) D. credit Accounts Receivable $48,900; credit Accounts Receivable $500, credit Accounts Receivable $30,000 (final balance-$64,400) E. credit Accounts Receivable $48,900; credit Income $500; credit Accounts Receivable $225 (final balance -$34,125)