On December 1st, Jackson Company sold merchandise with a selling price of $1,000 on account to Mr. Jenkins, with terms 3/10, n/30. Ignoring cost of goods sold, what journal entry did Jackson Company prepare on December 1st? ANSWER Unselected Debit Accounts Receivable for $970 and credit Cash for $970. Unselected Debit Accounts Receivable for $970 and credit Sales Revenue for $970. Unselected Debit Cash for $1,000 and credit Accounts Receivable for $1,000. Unselected Debit Accounts Receivable for $1,000 and credit Sales Revenue for $1,000