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On November 10 of the Current Year, Flores Mills Provides  Cash 7,840 Accounts Receivable 7,840\begin{array}{c}\text { Cash } &7,840\\\qquad \text { Accounts Receivable }&&7,840\end{array}

Question 2

Multiple Choice

On November 10 of the current year, Flores Mills provides services to a customer for $8,000 with credit terms 2/10, n/30. The customer made the correct payment on November 17. How would Flores record the collection of cash on November 17?


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

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