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Pierce Company sold to Stanton Company merchandise on account FOB shipping point, 1/10.net 30 for $200. Perce prepaid the $70 shipping charge. Which of the

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Pierce Company sold to Stanton Company merchandise on account FOB shipping point, 1/10.net 30 for $200. Perce prepaid the $70 shipping charge. Which of the following entries does Pierce make to record this sale? A Accounts Receivable-Stanton, debit $70: Sales, credit $70 Accounts Receivable-Stanton debit 5198:Sales, credit $198. and Accounts Receivable-Stanton debit 570: Cash credit $70 Accounts Receivable Stanton debit 5270: Sales, credit $270 D. Accounts Receivable-Stanton, debit $70: Sales, credit 70, and Transportation Outdebit 5200 Cash credit 1200

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