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On November 10 of the current year, Cherokee Industries told materials to a customer for $8,000 with credit berma 2/10, 1/30 Cherokee vies the nel

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On November 10 of the current year, Cherokee Industries told materials to a customer for $8,000 with credit berma 2/10, 1/30 Cherokee vies the nel method of accounting for sales discounts What entry would Cherokee make on November 17, assuming the correct payment was received on that date? De Cash 7,840 Cr. Accounts receivable 7,840 Dr. Cash 7,840 Dr Sales discounts 100 Cr. Accounts receivable 8,000 Dr. Cat 7,640 Dr. Sales 100 Cr. Accounts receivable 1.000 Or Cash 3.000 De Sales discounts 160 160 Cr Accounts receivable 8000

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