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View Policies Current Attempt in Progress On April 2, Kelvin sold $39500 of inventory items on credit with the terms 3/10, net 30. Payment on

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View Policies Current Attempt in Progress On April 2, Kelvin sold $39500 of inventory items on credit with the terms 3/10, net 30. Payment on $23700 sales was received on April B and the remaining payment on $15800 sales was received on April 27. Assuming Kelvin uses the net method of accounting for sales discounts the entry recorded on April 27 would include a debit to Accounts Receivable and credit to Sales Revenue for $39500 debit to Cash and credit to Sales Discounts Forfeited for $1185. O debit to Cash for $15800 and credit to Sales Discounts Forfeited for $474. O debit to Cash and credit to Accounts Receivable for $15326. Save for Later Attempts: 0 of 1 used Submit

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