On November 10 of the current year, Flores Mills sold carpet to a customer for $8,100 with credit terms 2/10, n/30. Flores uses the gross method of accounting for cash discounts.

What is the correct entry for Flores on November 17, assuming the correct payment was received on that date?

Multiple Choice

• Cash 7,938 Sales discounts $162 Accounts receivable$8,100
• Cash 7,938 Sales $162 Accounts receivable$8,100
• Cash 7,938 Accounts receivable7,938
• Cash 8,100 Sales discounts $162Accounts receivable8,100 Sales162