Moving to another question will save this response. Question 4 On January 5, Fred sold goods costing $1,200 to Jim for $2,000, terms 2/10, n/30. Jim paid for all the goods on January 10. The journal entry on the date of sale in the books of Fred will include: credit to Sales Discount $40. debit to Account Receivable $ 1,960 credit to Inventory $ 1,200 Debit to Cash $1,960- D 3038 AM ING 350 20