On July 22, Kevin sold $24700 of inventory items on credit with the terms 2/15, net 30. Payment on $16100 sales was received on August 1 and the remaining payment was received on August 12. Assuming Kevin uses the gross method of accounting for sales discounts, which one of the following entries was made on August 1 to record the cash received? Cash 15778 Accounts Receivable 15778 o Cash 15778 Sales Discount 322 16100 Accounts Receivable Cash 16100 Accounts Receivable 16100 Accounts Receivable 322 Sales Discount Forfeited 322