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P&G Auto Parts sells parts to TSJ Car Repair during 2024. P&G offers rebates of 1% on purchases up to $60000 and 2% on purchases

P&G Auto Parts sells parts to TSJ Car Repair during 2024. P&G offers rebates of 1% on purchases up to $60000 and 2% on purchases above $60000 if the customers purchases for the year exceed $200000. In the past, TSJ normally purchases $300000 in parts during a calendar year. On March 25, 2024, TSJ Car Repair purchased $70000 of parts. The journal entry to record the sale includes a

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credit to Sales Revenue for $69200.

credit to Sales Revenue for $69400.

debit to Accounts Receivable for $70000.

debit to Accounts Receivable for $69400.

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