On July 9, Elijah Company sells goods on credit to Miley Company for $7,000, terms 1/10, 1/60. Elijah receives payment on July 18. The entry by Elijah on July 18 is: Cash Sales Discounts 70 Accounts Receivable 6,930 7,000 7,070 Cash Sales Discounts Accounts Receivable 70 7.000 Cash 6930 Sales Discounts 70 Accounts Receivable 7,000 Cash 7,000 Accounts Receivable 7,000