Question 18 (1 point) How would Toons Wholesale record the August 25 transaction? Question 18 options: a) Increase Cash and decrease Sales Discounts (increasing net sales}, and decrease Accounts Receivable b) Increase both Cash and Sales, and decrease Accounts Receivable C) Increase Cash and decrease Accounts Receivable only '1) Increase Cash and decrease both Sales and Accounts Receivable E) Increase Cash and Sales Discounts (reducing net sales), and decrease Accounts Receivable