Cupcake Corp.has sold goods at terms 2/10, n/30.If the discount is not taken, the amount payable is $8,725.Assuming Cupcake uses the net method, the entry to record the sale is
A) a debit and credit of $7,852.50 to both Accounts Receivable and Sales respectively.
B) a debit and credit of $8,550.50 to Accounts Receivable and Sales respectively.
C) a debit and credit of $8,725 to Accounts Receivable and Sales respectively.
D) debits of $8,550.50 and $49.50 to Accounts Receivable and "Forfeited Sales Discounts" respectively, and a credit to Sales for the total.
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