Maxies Game World sold games to a customer on credit for $3,700, terms 1/10, n/30 and the cost of the games was $2,800. When recording the sales transaction in its sales journal, Maxies would enter:

Multiple Choice

• $2,800 in the Accounts Receivable Dr./Sales Cr. column and $3,700 in the Cost of Goods Sold Dr./Inventory Cr.column.

• $3,700 in the Accounts Receivable Dr./Sales Cr. column and $2,800 in the Accounts Payable Dr./Purchases Cr. column.

• $3,700 in the Accounts Receivable Dr./Sales Cr. column and $3,700 in the Cash Cr. column.

• $3,700 in the Accounts Receivable Dr./Sales Cr. column and $2,800 in the Cost of Goods Sold Dr./Inventory Cr. column.

• $2,800 in the Accounts Receivable Dr./Sales Cr. column and $3,700 in the Other Accounts Dr. column.