On December 1, Macy Company sold merchandise with a selling price of $3,000 on account to Mrs. Jorgensen, with terms 1/10, n/30. Using the gross method and ignoring cost of goods sold, what journal entry did Macy Company prepare on December 1? Macy expects no sales returns.

A.

Debit Accounts Receivable for $2,970 and credit Cash for $2,970.

B.

Debit Accounts Receivable for $3,000 and and credit Sales Revenue for $3,000.

C.

Debit Accounts Receivable for $2,970 and credit Sales Revenue for $2,970.

D.

Debit Cash for $3,000 and credit Accounts Receivable for $3,000.

On December 1, Macy Company sold merchandise with a seling price of $3,000 on account to Mirs Jorgensen, with terms 1/10, n/30. Using the gross method and ignoring cost of gcods sod, wht journal entry cid Maay Company prepare on December 1? Macy epects no sses returns gnening cost of OA. Debit Apcounts Receivabe fcr S2,970 and arecit: Cash for $2.970 OB. Debit Accounts Recaivabe for $3,000 and and credit Sales Revenue for $3,000. O C. Debit Accounts Receivable for $2.970 and crecit Sales Revenue for $2,970 OD. Debit Cash for $3,000 and credit Accounts Receirable for S3.000. er $2 90for $3,00