Pierce Company sold to Stanton Company merchandise on account FOB shipping point, 1/10, net 30 , for $500. Pierce prepaid the $60 shipping charge. Which of the following entries does Pierce make to record this sale? a. Accounts Receivable-Stanton, debit $60; Sales, credit $60 b. Accounts Receivable-Stanton, debit $495; Sales, credit $495, and Accounts Receivable-Stanton, debit $60; Cash, credit $60 c. Accounts Receivable-Stanton, debit $560; Sales, credit $560 d. Accounts Receivable-Stanton, debit \$60; Sales, credit \$60, and Transportation Out, debit \$500; Cash, credit $500 Pierce Company sold to Stanton Company merchandise on account FOB shipping point, 1/10, net 30 , for $500. Pierce prepaid the $60 shipping charge. Which of the following entries does Pierce make to record this sale? a. Accounts Receivable-Stanton, debit $60; Sales, credit $60 b. Accounts Receivable-Stanton, debit $495; Sales, credit $495, and Accounts Receivable-Stanton, debit $60; Cash, credit $60 c. Accounts Receivable-Stanton, debit $560; Sales, credit $560 d. Accounts Receivable-Stanton, debit \$60; Sales, credit \$60, and Transportation Out, debit \$500; Cash, credit $500