Question 26 On July 9, Elijah Company sells goods on credit to Miley Company for $7,000, terms 1/10, w/60. Eljah receives payment on July 18. The entry by Elijah es July 18 Cash 7,000 Sales Discounts 70 Accounts Receivable 6,930 7,070 Cash Sales Discounts Accounts Receivable 70 7.000 Cash 6930 Sales Discounts 70 Accounts Receivable 7,000 Cash 7,000 Accounts Receivable 7,000