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Maxies Game World sold games to a customer on credit for $2,800, terms 1/10, n/30 and the cost of the games was $1,900. When recording

Maxies Game World sold games to a customer on credit for $2,800, terms 1/10, n/30 and the cost of the games was $1,900. When recording the collection from the customer made within the discount period, in its cash receipts journal, Maxies would enter:

Multiple Choice

  • $2,800 in the Cash Dr. column and $2,800 in the Accounts Receivable Cr. column.

  • $2,772 in the Cash Dr. column and $2,772 in the Accounts Receivable Cr. column.

  • $2,772 in the Cash Dr. column, $28 in the Sales Discount Dr. column and $2,800 in the Accounts Receivable Cr. column.

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

  • $2,800 in the Cash Dr. column. $1,900 in the Sales Cr. column, and $1,900 in the Cost of Goods Sold Dr./Inventory Cr. column.

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