Merchandise was sold on credit for $$30,000,$ terms $\frac{3}{15},\frac{n}{30}.$ Which of the following journal entry descriptions correctly describes the cash collection?

Multiple Choice

Cash is debited for $$25,500$ and accounts receivable is credited for $$25,500$ if the collection is within the discount period.

Cash is debited for $$29,100,$ sales discounts is debited for $$900,$ and accounts receivable is credited for $$30,000$ if the collection is within the discount period.

Cash is debited for $$30,000,$ accounts receivable is credited for $$29,100,$ and sales discounts is credited for $$900$ if the collection is within the discount period.

Cash is debited for $$29,100$ and accounts receivable is credited for $$29,100$ if the collection is after the discount period.