Fashion Jewelers Uses the Perpetual Inventory System B) $$\begin{array} { | c | r | r | } \hline \text { Cash } & 8,000 & \\\hline \text { Accounts Receivable } & & 8,000 \\\hline\end{array}$$

Fashion Jewelers uses the perpetual inventory system.On April 2,Fashion sold goods with a cost of $5,000 for $10,000 with terms of 4/15,n/30.On April 4,the customer reported damaged goods and Fashion granted a $2,000 sales allowance.On April 10,Fashion received the payment for the sale.Give the journal entry that will be recorded on April 10 by Fashion.

A) $$\begin{array} { | l | r | r | } \hline \text { Cash } & 7,680 & \\\hline \text { Sales Discount } & 320 & \\\hline \text { Accounts Receivable } & & 8,000 \\\hline\end{array}$$
B) $$\begin{array} { | c | r | r | } \hline \text { Cash } & 8,000 & \\\hline \text { Accounts Receivable } & & 8,000 \\\hline\end{array}$$
C) $$\begin{array} { | c | r | r | } \hline \text { Accounts Receivable } & 8,000 & \\\hline \text { Sales } & & 8,000 \\\hline\end{array}$$
D) $$\begin{array} { | l | r | r | } \hline \text { Cash } & 8,000 & \\\hline \text { Sales Discount } & & 320 \\\hline \text { Accounts Receivable } & & 7,680 \\\hline\end{array}$$