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Pierce Company sold to Stanton Company merchandise on account FOB shipping point, 1/10, net 30, for $500. Pierce prepaid the $40 shipping charge. Which of

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Pierce Company sold to Stanton Company merchandise on account FOB shipping point, 1/10, net 30, for $500. Pierce prepaid the $40 shipping charge. Which of the $ following entries does Pierce make to record this sale? Oa Accounts Receivable-Stanton, debit $40, Sales, credit $40 Ob. Accounts Receivable-Stanton, debit $495; Sales, credit 5495, and Accounts Receivable-Stanton, debit S40, Cash, credit S40 Oc. Accounts Receivable-Stanton, debit $540; Sales, credit S$40 Od Accounts Receivable-Stanton, debit 540, Sales, credit S40, and Transportation Out, debit $500, Cail, credit 5500

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