Johnson Company sold merchandise with a selling price of $7,000 on account to Baxter Company, with terms 3/10, 1/30 Using the gross method and ignoring cost of goods sold, what journal entry did Johnson Company prepare on the date of sale? Johnson expects no sales returns O A. Debit Sales Revenue for $6 790 and credit Accounts Receivable - Baxter Company for $6.790 B. Debit Sales Revenue for $7,000 and credit Accounts Receivable - Baxter Company for $7,000 OC. Debit Accounts Receivable - Baxter Company for $6.790 and credit Sales Revenue for $6,790, D. Debit Accounts Receivable - Baxter Company for $7,000 and credit Sales Revenue for $7,000 Basic Company lent a customer $10,000 using a note. The journal entry to record the transaction is O A. Debit Cash $10,000, credit Notes Receivable $10,000 OB. Debit Accounts Receivable $10,000, credit Cash $10,000. OC. Debit Cash $10,000, credit Accounts Receivable $10,000 OD. Debit Notes Receivable $10,000, credit Cash $10,000