On February $3,$ Smart Company sold merchandise in the amount of $$5,800$ to Truman Company, with credit terms of $2/10,$ n$/30.$ The cost of the items sold is $$4,000.$ Smart uses the perpetual inventory system and the gross method. Truman pays the invoice on February $8$ and takes the appropriate discount. The journal entry that Smart makes on February $8$ is:

Account Title Debit Credit

Cash $5,800$

Accounts Receivable $5,800$

Account Title Debit Credit

Cash $5,684$

Sales Discounts $116$

Accounts Receivable $5,800$

Account Title Debit Credit

Cash $3,920$

Sales Discounts $80$

Accounts Receivable $4,000$

Account Title Debit Credit

Cash $5,684$

Accounts Receivable $5,684$

Account Title Debit Credit

Cash $4,000$

Accounts Receivable $4,000$