On March 12, Klein Company sold merchandise in the amount of $7,800 to Babson Company with credit terms of 2/10, 1/30. The cost of the items sold 54,500. Klein uses the perpetua/inventory system and the gross method of accounting for sales Babson pays the invoice on March 17, and takes the appropriate discount. The journal entry that Klein makes on March 17 is Credit Account Title Cash Accounts Receivable Debit 7,800 7,800 Credit Account Title Cash Sales Discounts Accounts Receivable Debit 7,644 156 7,800 Credit Account Title Cash Accounts Receivable Debit 4,500 4,500 Credit Account Title Cash Sales Discounts Accounts Receivable Debit 4,410 90 4,500 Debit Credit Account Title Cash Accounts Receivable 7,644 7,644