Business, 24.03.2020 23:55 Homepage10

Pierce Company sold merchandise to Stanton Company on account FOB shipping point, 1/10, net 30, for $9,700. Pierce prepaid the $281 shipping charge. Which of the following entries does Pierce make to record this sale? a. Accounts Receivable—Stanton, debit $9,981; Sales, credit $9,981 b. Accounts Receivable—Stanton, debit $9,603; Sales, credit $9,603, and Accounts Receivable—Stanton, debit $281; Cash, credit $281 c. Accounts Receivable—Stanton, debit $9,700; Sales, credit $9,700, and Delivery Expense, debit $281; Cash, credit $281 d. Accounts Receivable—Stanton, debit $9,700; Sales, credit $9,700

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Pierce Company sold merchandise to Stanton Company on account FOB shipping point, 1/10, net 30, for...