MC Qu. 7-70 (Algo) Lamps Unlimited, a wholesaler, sold... Lamps Unlimited, a wholesaler, sold several crates of lighting for $2,400 on account to a customer with credit terms of 2/20, n/60. If the customer pays within the discount period, the journal entry to record the receipt of payment would include: Multiple Choice a credit to Accounts Receivable for $2,400 a debit to Accounts Receivable for $2,352 a debit to Sales Discounts for $120. a credit to Sales Discounts for $48