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On May 2, Carnegie Co. buys merchandise on account for $8,000 from MoonRiver Co. with credit terms of 3/16, n/30. On May 8, Carnegie

On May 2, Carnegie Co. buys merchandise on account for $8,000 from MoonRiver Co. with credit terms of 3/16, n/30. On May 8, Carnegie Co. sends a check to settle the account within the discount period. Which of the following is belong to the entry Carnegie Co. makes on May 8? (10 Points) Cr. A/R 8000 Dr. Cash 7760 Cr. Inventory 240 Cr. Sales Discounts 240

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