QUESTION 14 On November 10 of the current year, Cherokee Industries sold materials to a customer for $8,000 with credit terms 2/10, n/30. Cherokee uses the net method of accounting for sales discounts. What entry would Cherokee make on November 10? Accounts receivable 8,000 Sales 8,000 Accounts receivable 7,840 O Sales discounts 160 Sales 8,000 Accounts receivable 8,000 Sales discounts 160 Sales 7,840 Accounts receivable 7,840 Sales 7,840