Stratton Inc. uses the contract-based approach to revenue recognition offers a 2% sales discount to Murphy Ltd. and reduced Sales by the full 2% at the point of sale. Murphy did not take advantage of the discount when it paid Stratton for the balance owing. When recording the collection on account, Stratton will O debit Sales Discounts for the amount of the discount. O credit Sales for the amount of the discount. O debit Accounts Receivable the amount of the discount. Odebit Sales for the amount of the discount