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  3. 4) on november 10 of the current year, a company p

4) On November 10 of the current year, a company provides services on account to...

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Accounting

4)

On November 10 of the current year, a company provides services on account to a customer for $8,000 with credit terms 2/10, n/30. The customer made the correct payment on November 17. How would the company record the collection of cash on November 17?

a.

Cash7,840

Accounts Receivable7,840

b.

Cash7,840

Sales Revenue 160

Accounts Receivable8,000

c.

Cash8,000

Accounts Receivable8,000

d.

Cash8,000

Sales Discount160

Accounts Receivable7,840

e.

Cash7,840

Sales Discount 160

Accounts Receivable8,000

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