On February 3, Smart Company sold merchandise in the amount of $5,800 to Truman Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Smart uses the perpetual inventory system and the gross method. Truman pays the invoice on February 8, and takes the appropriate discount. The journal entry that Smart makes on February 8 is:a. Cash 5,684Sales discounts 116Accounts receivable 5,800b. leash : Accounts receivable5,6841 : 5,6841C. I Cash: Accounts receivable5,800 I : 5,800 Id. leash: Accounts receivable4,0001 : 4,000 Ie. Cash 3,920
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