Question: Help Save & Exit Submit On February 3 , Smart Company sold merchandise in the amount of $ 3 , 9 0 0 to Kennedy

Help Save & Exit Submit
On February 3, Smart Company sold merchandise in the amount of $3,900 to Kennedy Company, with credit terms of 310,n30. The cost of the items sold is $2,725. Smart uses the perpetual inventory system and the gross method. Kennedy pays the invoice on February 8 and takes the appropriate discount. The journal entry that Smart makes on February 8 is:
Help Save & Exit Submit On February 3, Smart Company sold

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