Next Page Page 5 of 5 Question 5 (1 point) Smith Co. sold $18,000 of merchandise on account on April 3, 20x7 under the terms 2/15, n/45. The customer paid the balance of the account on April 16th. The journal entry to record the receipt of cash includes which of the following? a) $360 decrease to net income and $18,000 reduction in accounts receivable b) $360 decrease to net income and $17,640 reduction in accounts receivable c) $0 impact to net income and $18,000 reduction in accounts receivable d) $0 impact to net income and $17,640 reduction in accounts receivable Next Pag Page 5 of 5 4