The collection of a $5500 account within the 1 percent discount period will result in a O debit to Sales Discounts for $55. Odebit to Accounts Receivable for $5445. O credit to Cash for $5445. O credit to Accounts Receivable for $5445. Bonita Shutters has the following inventory information. Nov. 1 Inventory 30 units @ $8.00 120 units 8 Purchase $8.50 17 Purchase 80 units @ $8.60 25 Purchase 90 units @ $8.40 A physical count of merchandise inventory on November 30 reveals that there are 90 units on hand. Assume a periodic inventory system is used. Assuming that the specific identification method is used and that ending inventory consists of 20 units from each of the three purchases and 30 units from the November 1 inventory, cost of goods sold is $1944 $1966. $1912 $1954