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LO On February 3, Smart Company sold merchandise in the amount of $4,400 to Truman Company, with credit terms of 2/10, 1/30. The cost of

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LO On February 3, Smart Company sold merchandise in the amount of $4,400 to Truman Company, with credit terms of 2/10, 1/30. The cost of the items sold is $3.039 Smart uses the perpetual inventory system and the gross method. Truman pays the invoice on February 8, and takes the appropriate discount. The journal entry that Smart makes on February 8 is

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