Business, 15.04.2020 04:51 freemankellie

Pierce Company sold merchandise to Stanton Company on account FOB shipping point, 2/10, net 30, for $12,000. Pierce prepaid the $206 shipping charge. Which of the following entries does Pierce make to record this sale?
a. Accounts Receivable Stanton, debit $20,000; Sales, credit $20,000
b. Accounts Receivable Stanton, debit $19,600; Sales, credit $19,600, and Accounts Receivable Stanton, debit $500; Cash, credit $500
c. Accounts Receivable Stanton, debit $20,100; Sales, credit $20,100
d. Accounts ReceivableStanton, debit $20,000; Sales, credit $20,000, and Delivery Expense, debit $500; Cash, credit $500

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Pierce Company sold merchandise to Stanton Company on account FOB shipping point, 2/10, net 30, for...