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Pierce Company sold to Stanton Company merchandise on account FOB shipping point, 2/10, net 30, for $500. Pierce prepaid the $65 shipping charge. Which of
Pierce Company sold to Stanton Company merchandise on account FOB shipping point, 2/10, net 30, for $500. Pierce prepaid the $65 shipping charge. Which of the following entries does Pierce make to record this sale? O a. Accounts Receivable Stanton, debit $65; Sales, credit $65 b. Accounts Receivable-Stanton, debit $490; Sales, credit $490, and Accounts Receivable-Stanton, debit $65; Cash, credit $65 c. Accounts Receivable-Stanton, debit $565; Sales, credit $565 Od. Accounts Receivable Stanton, debit $65; Sales, credit $65, and Transportation Out, debit $500; Cash, credit $500
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