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on july 2 7 patagonia sold 2 3 5 0 0 of inventory on credit wiht terms 2 / 1 5 n / 3 0
on july 2 7 patagonia sold 2 3 5 0 0 of inventory on credit wiht terms 2 / 1 5 n / 3 0 . payment on 1 5 0 0 0 of sales was received on aug 1 and the remaining payment was received on aug 1 2 . assuming patagonia uses the gtross method of accounting for sales discounts which one of the following enteries was made on aug 1 to record cash recieved.. A . debit cash 1 4 7 0 0 , debit sales dicount 3 0 0 , credit acounts revieable 1 5 0 0 0 B . debit cash 1 5 0 0 0 , credit accounts receiable 1 5 0 0 0 C . debit cash 1 4 7 0 0 , credit accounts receivable 1 4 7 0 0 D . Debit accounts recivable 3 0 0 , credit sales discount 3 0 0 E . none
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