On April 8 of the current year, Patle, Zhou & Sons sold a sofa to a customer for $7,600 with credit terms 2/10, n/30. Patle, Zhou & Sons uses the gross method of accounting for sales discounts. What is the correct entry on April 15, assuming the correct payment was received on that date?

Multiple Choice

• Cash	7,600
  Sales discounts	152
  Accounts receivable		7,600
  Sales		152

• Cash	7,448
  Accounts receivable		7,448

• Cash	7,448
  Sales	152
  Accounts receivable		7,600

• Cash	7,448
  Sales discounts	152
  Accounts receivable		7,600