On July 10, 20X2, Mighty Company Sold Merchandise at an Invoice

On July 10, 20X2, Mighty Company sold merchandise at an invoice price of $5,000 with terms of 3/10, n/30. Give the journal entries required below by indicating the account code of the appropriate account for each debit and credit and the amounts involved. Code Item A Cash B Trade R eceivables C Sales Revenue D Sales Discounts $$\begin{array} { | l | l | l | l | l | } \hline \text { Transaction } & \text { Debits } && { \text { Credits } } \\\hline & \text { Code } & \text { Amount } & \text { Code } & \text { Amount } \\\hline \text { Sale on July, 20X7 } & & & & \\\hline \begin{array} { l } \text { Assumption A: Collection of the } \\\text { account on August 9, 20X7 }\end{array} & & & & \\\hline \begin{array} { l } \text { Assumption B: Collection of the } \\\text { account on July 18, 20X7 }\end{array} & & & & \\\hline\end{array}$$