Merchandise is sold on account on January 16, terms 2/10, n/30, and recorded by debiting Accounts Receivable and crediting Sales for $2,000.If payment occurs on January 21, the journal entry would include a credit to:

Question 2 options:

Cash for $1,960

Accounts Receivable for $2,000

Accounts Receivable for $1,960

Sales Discounts for $40