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Use the Information Above to Answer the Following Question

Question 193

Multiple Choice

Use the information above to answer the following question.What journal entry will be prepared by Darin Company on October 8 to record the receipt of payment from Dee?


A) Debit Cash and credit Accounts Receivable for $6,500
B) Debit Cash for $5,880, debit Sales Discount for $120, and credit Accounts Receivable for $6,000
C) Debit Cash for $6,370, debit Sales Discount for $130, and credit Accounts Receivable for $6,500
D) Debit Cash for $6,300, debit Sales Returns & Allowances for $200, and credit Accounts Receivable for $6,500

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