A Company Sells Merchandise on a Deferred Payment Plan,ultimately Receiving

Multiple Choice

A company sells merchandise on a deferred payment plan,ultimately receiving $5,000 on the account receivable.On the payment date,the company would

A) credit Accounts Receivable for less than $5,000.
B) debit Interest Income for the imputed amount.
C) credit Sales for less than $5,000.
D) debit the asset account for $5,000.