XYZ Company sells $1,000 merchandise to a customer on account with terms 2/10, net 30. The journal entry that XYZ would record at the receipt of payment if the customer pays within the discount period is: O 1. Debit Cash, credit Accounts Receivable $1,000 2. Debit Cash $980, debit sales discounts for $20 and credit Accounts receivable for $1,000 3. Debit Cash $1,000, credit sales discounts for $20 and Accounts receivable for $1,000 O4. Debit Cash $980, credit accounts receivable $980