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 net method of accounting for cash discounts.

What is the correct entry for Flores on December 5, assuming the correct payment was received on that date?

A)

Cash	8,000
Accounts receivable		7,840
Sales discounts forfeited		160

B)

Cash	8,000
Accounts receivable		7,840
Interest revenue		160

C)

Cash	8,160
Accounts receivable		8,000
Interest revenue		160

D)

Cash	8,000
Accounts receivable		8,000