Olympia Company Sold Merchandise on Credit with a List Price $\begin{array} { c r } \text { Gross Price Method } & \\\text { Accounts Receivable } & 63,000 \\\text { Sales } & 63,000\end{array}$

Olympia Company sold merchandise on credit with a list price of $70, 000.Terms were 2/10, n/30.Given the indicated sales discounts methods in the responses, which entry is correct?

A)
$\begin{array} { c r } \text { Gross Price Method } & \\\text { Accounts Receivable } & 63,000 \\\text { Sales } & 63,000\end{array}$
B)
Net Price Method
Accounts Receivable $\quad 68,600$
Sales $\quad\quad\quad\quad\quad\quad\quad 68,600$
C)
$\begin{array}{ll}\text { Net Price Method } & \\\hline \text { Accounts Receivable } & 40,000 \\\text { Sales } & 40,000\end{array}$
D)
$\begin{array}{l}\text { Gross Price Method }\\\begin{array} { c r } \hline \text { Accounts Receivable } & 68,600 \\\text { Sales } & 68,600\end{array}\end{array}$