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On July 9. Sheffield Company sells goods on credit to Ivanhoe Company for $6400, terms 2/10.n/60. Sheffield receives payment on July 18 The entry by

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On July 9. Sheffield Company sells goods on credit to Ivanhoe Company for $6400, terms 2/10.n/60. Sheffield receives payment on July 18 The entry by Sheffield on July 18 is O Cash 6400 Accounts Receivable 6400 O Cash 6400 Sales Discounts Accounts Receivable 128 6272 6528 O Cash Sales Discounts Accounts Receivable 128 6400 O Cash Sales Discounts Accounts Receivable 6272 128 6400

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