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: Cash Sales discounts Accounts receivable 3,920 80 4,000 Cash 5,684 Accounts receivable 5,684 Cash 4,000 Accounts receivable. 4,000 Cash 5,800 Accounts receivable: 5,800 Cash 5,684