On July 9, Milam Company sells goods on credit to Parras Company for $5,100, terms 1/10, n/60. Milam receives payment on July 20 . The entry by. Parras on July 20 is: - Hint: Determine if Parras is a purchaser or seller. Then, prepare a journal entry. DR: Accounts Payable $5,100; CR: Inventory $56 and Cash $5,044 DR: Accounts Payable \$5.100; CR: Cash $5,100 DR: Accounts Payable \$5,100; CR: Sales Discounts $56 and Cash $5,044 DR: Accounts Payable $5,044 and Inventory $56; CR: Cash $5,100 DR: Accounts Payable $5,044 : CR: Cash $5,044