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On November 10 of the Current Year, Flores Mills Sold  Accounts Receivable 7,840 Sales Revenue 7,840\begin{array}{lll}\text { Accounts Receivable } & 7,840 & \\\text { Sales Revenue } & & 7,840\end{array}

Question 14

Multiple Choice

On November 10 of the current year, Flores Mills sold carpet to a customer for $8,000 with credit terms 2/10, n/30. How would Flores record the sale on November 10?


A)  Accounts Receivable 7,840 Sales Revenue 7,840\begin{array}{lll}\text { Accounts Receivable } & 7,840 & \\\text { Sales Revenue } & & 7,840\end{array}
B)  Accounts Receivable 8,000 Sales Revenue 8,000\begin{array}{lll}\text { Accounts Receivable } & 8,000 \\\text { Sales Revenue } & & 8,000\end{array}
C)  Accounts Receivable 7,840 Cash Discounts 160 Sales Revenue 8,000\begin{array} { c r r } \text { Accounts Receivable } & 7,840 & \\\quad \text { Cash Discounts } & 160 & \\\text { Sales Revenue } & & 8,000\end{array}
D)  Accounts Receivable 8,000 Cash Discounts 160 Sales Revenue 7,840\begin{array} { c r r } \text { Accounts Receivable } & 8,000 & \\\text { Cash Discounts } & & 160 \\\text { Sales Revenue } & 7,840\end{array}

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