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Pierce Company sold merchandise to Stanton Company on account FOB shipping point, 2/10, net 30, for $10,300. Pierce prepaid the $203 shipping charge. Which of
Pierce Company sold merchandise to Stanton Company on account FOB shipping point, 2/10, net 30, for $10,300. Pierce prepaid the $203 shipping charge. Which of the following entries does Pierce make for this sale? Oa. Accounts Receivable-Stanton, debit $10,503; Sales, credit $10,503 Ob. Accounts Receivable-Stanton, debit $10,300; Sales, credit $10,300 Oc. Accounts Receivable-Stanton, debit $10,300, Sales, credit $10,300, and Delivery Expense, debit $203; Cash, credit $203 Od. Accounts Receivable-Stanton, debit $10,094; Sales, credit $10,094, and Accounts Receivable-Stanton, debit $203; Cash, credit $203
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