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Pierce Company sold to Stanton Company merchandise on account FO8 shipping point, 2/10, net 30, for $300. Plerce prepaid the $55 shipping charge. Which of

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Pierce Company sold to Stanton Company merchandise on account FO8 shipping point, 2/10, net 30, for $300. Plerce prepaid the $55 shipping charge. Which of the following entries does Pierce make to record this sale? Accounts Receivable-Stanton, debit $55; Sales, credit $55 Accounts Receivable-Stanton, debit $294; Sales, credit $294, and Accounts Receivable-Stanton, debit $55; Cash, credit $55 Accounts Receivable-Stanton, debit $355; Sales, credit $355 Accounts Receivable-Stanton, debit $55; Sales, credit $55, and Transportation Out, debit $300; Cash, credit $300

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