Maxie's Game World Sold Games to a Customer on Credit

Multiple Choice

Maxie's Game World sold games to a customer on credit for $2,600,terms 1/10,n/30 and the cost of the games was $1,700.When recording the collection from the customer made within the discount period,in its cash receipts journal,Maxie's would enter:

A) $2,600 in the Cash Dr.column and $2,600 in the Accounts Receivable Cr.column.
B) $2,574 in the Cash Dr.column and $2,574 in the Accounts Receivable Cr.column.
C) $2,574 in the Cash Dr.column,$26 in the Sales Discount Dr.column and $2,600 in the Accounts Receivable Cr.column.
D) $2,600 in the Accounts Receivable Dr./Sales Cr.column and $2,600 in the Cash Cr.column.
E) $2,600 in the Cash Dr.column.$2,600 in the Sales Cr.column,and $1,700 in the Cost of Goods Sold Dr./Inventory Cr.column.