On November 10 of the current year, Cherokee Industries sold materials to a customer for $8,000 with credit ter s n 30 Cherokee uses the gross metho do accounting or ash discounts What entry would Cherokee make on November 20, assuming the correct payment was received on that date? Select one: A. Cash Accounts receivable Sales discounts forfeited 8,000 ,840 160 B. Cash Accounts receivable 8,000 8,000 . Cash Accounts receivable Discounts revenue 8,000 7,840 160 Cash Sales discount Accounts receivable 7840 160 8,000 On November 10 of the current year, Flores Mills sold carpet to a customer for $8,000 with credit terms 2/10, n/30, and the customer paid on November 28. Flores uses the net method of accounting for cash discounts. What is the correct entry for Flores on November 28? Select one: A. 8,000 Sales discounts forefeited 160 Accounts receivables 7,840 O B Accounts receivable Sales 8,000 8,000 . ccounts receivable 7,840 Sales 7,840 D. Accounts receivable 7,840 ash discounts 160 Sales 8,000