Merchandise was sold on credit for

$3,000

, terms

(1)/(10),(n)/(30)

. The correct entry to record the cash collection should be:\ Multiple Choice\ Debit cash,

$3,000

, and credit accounts receivable,

$2,970

, and Sales Discount,

$30

, if collected after the discount period.\ Debit cash,

$3,000

, and credit accounts receivable,

$2,970

, and Sales Discount,

$30

, if collected within the discount period.\ Debit cash,

$3,000

, and credit accounts receivable,

$3,000

, if collected within the discount period.\ Debit cash,

$3,000

, and credit accounts receivable,

$3,000

, if collected after the discount period.

Merchandise was sold on credit for $3,000, terms 1/10,n/30. The correct entry to record the cash collection should be: Multiple Choice Debit cash, $3,000, and credit accounts receivable, $2,970, and Sales Discount, $30, if collected after the discount period. Debit cash, $3,000, and credit accounts receivable, $2,970, and Sales Discount, $30, if collected within the discount period. Debit cash, $3,000, and credit accounts receivable, $3,000, if collected within the discount period. Debit cash, $3,000, and credit accounts receivable, $3,000, if collected after the discount period. Merchandise was sold on credit for $3,000, terms 1/10,n/30. The correct entry to record the cash collection should be: Multiple Choice Debit cash, $3,000, and credit accounts receivable, $2,970, and Sales Discount, $30, if collected after the discount period. Debit cash, $3,000, and credit accounts receivable, $2,970, and Sales Discount, $30, if collected within the discount period. Debit cash, $3,000, and credit accounts receivable, $3,000, if collected within the discount period. Debit cash, $3,000, and credit accounts receivable, $3,000, if collected after the discount period