On March 4, 2017 Anwar enterprises sold RO 56,000 with credit terms of 2/10, n30 and shipping terms FOB destination to Ragam traders. What is the journal entry to record the above in the books of seller under the periodic inventory system?

a.

Account receivable RO 56,000 Dr / Sales RO 56,000 Cr

b.

Account receivable RO 56,000 Dr / Merchandise inventory RO 56,000 Cr

c.

Sales RO 56,000 Dr / Account receivable RO 56,000 Cr

d.

Cash RO 54,000 Dr / Sales RO 54,000 Cr