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On May 2, 2019, ABC, Inc. sells merchandise for $10,000 on credit with terms of 2/10,n/30. On May 7,2019,ABC receives a partial payment from the

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On May 2, 2019, ABC, Inc. sells merchandise for $10,000 on credit with terms of 2/10,n/30. On May 7,2019,ABC receives a partial payment from the customer for merchandise originally billed for $400. If ABC uses the gross method to record receivables and does not use contra sales accounts, which of the following is the correct journal entry to record the receipt of cash from the customer on May 7 : Select one: a. A. b. B. c. C

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