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od on a sale of $3,000 with terms of The entry to record the receipt of payment within the discount period on a sale of

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od on a sale of $3,000 with terms of The entry to record the receipt of payment within the discount period on a sale of $3.000 2/10, 1/30 will include a credit to A. Sales Discounts for $60. B. Cash for $2,940. C. Accounts Receivable for $3,000. D. Sales Revenue for $3,000. 6 Oakland Bookstore had 600 units on band at January 1, costing S10 cach. Purchases and sales during the month of January were as follows: Date Purchases Sales Jan 14 375 514 17 250 a $10 250 S11 260 @ 516 Oakland does not maintain perpetual inventory records, so it follows the periodic inventory system According to a physical count 300 units were on band a nnaty 31 The cost of the ending inventory at January 31, under the LIFO method is A $3,000 B. $3.250 C. $3,750 D. 56,000

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