Question: Josh's Computer Store has a perpetual inventory system. On March 4, Josh's Computer Store sold merchandise in the amount of $2,500 to Shanika Johnson, with

Josh's Computer Store has a perpetual inventory system. On March 4, Josh's Computer Store sold merchandise in the amount of $2,500 to Shanika Johnson, with credit terms of 3/10, 1/30. The cost of the merchandise sold was $1725. Shanika Johnson pays the invoice on March 9. The journal entry that Josh's Computer Store records on March 9 is: 1,725 Cash Accounts receivable 1, 725 Cash Sales discounts Accounts receivable 2,420 52 2,472 Cash Sales discounts Accounts receivable 2.425 251 2,500 O Cash Cash Accounts receivable 2,500 2,500 Cash Accounts receivable Caccounts receivable
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