On November 10 of the current year, Cherokee Industries sold materials to a customer for $8,000 with credit terms 2/10, n/30. Cherokee uses the net method of accounting for cash discounts. What entry would Cherokee make on November 17, assuming the correct payment was received on that date?

Select one:

a. Option a

b. Option d

c. Option b

d. Option c

a Cash 7.840 Accounts receivable 7.840 b Cash 7.,840 160 Sales discounts Accounts receivable 8,000 c. Cash Sales 7.840 160 Accounts receivable 8,000 d Cash 8,000 160 Sales discounts Accounts receivable Sales 8,000 160