On November 10 of the current year, Flores Mills sold carpet to a customer for

$8,000

with credit terms

(2)/(10),(n)/(30)

. Flores uses the gross method of accounting for sales discounts. What is the correct entry for Flores on December 5 , assuming the correct payment was received on that date?\ Multiple Choice\ \\\\table[[Account Title,Debit,Credit],[Cash,8,000,],[Accounts receivable,,7,840],[Sales discounts revenue,,160]]\ \\\\table[[Account Title,Debit,Credit],[Cash,8,000,],[Accounts receivable,,7,840],[Interest revenue,,160]]\ \\\\table[[Account Title,Debit,Credit],[Cash,8,160,],[Accounts receivable,,8,000],[Sales discounts forfeited,,160]]\ \\\\table[[Account Title,Debit,Credit],[Cash,8,000,],[Accounts receivable,,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. Flores uses the gross method of accounting for sales discounts. What is the correct entry for Flores on December 5, assuming the correct payment was received on that date? Multiple Choice