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Current Attempt in Progress Blue Spruce Corp. receives a payment on account from Ayayai Industries....

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Accounting

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Current Attempt in Progress Blue Spruce Corp. receives a payment on account from Ayayai Industries. Based on the original sale of 513000 using the periodic inventory approach, Blue Spruce Corp. honors the 3% cash discount and records the payment. Which of the following is the correct entry for Blue Spruce Corp. to record? Cash Sales Discounts Accounts Receivable 12610 390 13000 12610 390 Cash Purchase Discounts Accounts Payable 13000 12610 390 Cash Sales Discounts Inventory 13000 13000 Accounts Receivable Cash Purchase Discounts 8810 190

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