On November 10 of the current year, Cherokee Industries sold materials to a customer for $20,000 with credit terms 2/10,n/30. The customer pays off the account with two cash payments: the first is received by Cherokee on November 15; the second is received by Cherokee on December 1 . Cherokee uses the net method of accounting for cash discounts and credited "Sales Discounts Forfeited" for $120 on December 1. If Cherokee had used the gross method of accounting for cash discounts, then what entry would Cherokee make on November 15 ? (1 point)