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Central Company Sold Goods for $5,000 to Western Company on March

Question 76

Multiple Choice

Central Company sold goods for $5,000 to Western Company on March 12 on credit.Terms of the sale were 2/10,n/30.At the time of the sale,Central recorded the transaction by debiting accounts receivable for $5,000 and crediting sales revenue for $5,000.Western paid the balance due,less the discount,on March 21.To record the March 21 transaction,Central would debit:


A) Cash for $4,900.
B) Accounts Receivable for $4,900.
C) Cash for $5,000.
D) Accounts Receivable for $5,000.

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