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please solve On October 1, Your Company sold merchandise in the amount of $5,800, with credit terms of 2/10, n/30. The cost of the items
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On October 1, Your Company sold merchandise in the amount of $5,800, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Your Company uses the perpetual inventory system. You received payment on October 16. Which journal entry records the October 16 transaction? O Cash Revenue Accounts Receivable 5,684 116 5,800 5,684 0 Cash Accounts Receivable 5,684 O Cash Sales discount Accounts Receivable 5,684 116 5,800 O Cash Sales discount Accounts Receivable 3,920 80 4,000 5,800 O Cash Accounts Receivable 5,800Step by Step Solution
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