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QUESTION 29 Pierce company sold to Stanton Company merchandise on account FOB shipping point, 1/10, net 30, for $200, Pierce prepaid the $70 shipping charge.

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QUESTION 29 Pierce company sold to Stanton Company merchandise on account FOB shipping point, 1/10, net 30, for $200, Pierce prepaid the $70 shipping charge. Which of the following entries does Plerce make to record this sale? O A Accounts Receivable Starton, debit 570; Sales, credit $70, and Transportation Out, debit 200: Cash, credit $200 OB. Accounts Receivable-Stanton, debit $270; Sales, credit $270 OC Accounts Receivable-Stanton, debit 570; Sales, credit 570 D. Accounts Receivable Stanton, debit 5198; Sales, credit $196, and Accounts Receivable-Stanton, debit 570; Cash credit 570

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