Question: Please verify I have the right solution. TYIA. recorded by Ruth Company when payment is received? Multiple Choice Deblt Cash for $11,760 and credit Accounts

Please verify I have the right solution. TYIA.

recorded by Ruth Company when payment is received? Multiple Choice Deblt Cash for $11,760 and credit Accounts Recelvable for $11,760. Debit Cash for $11,760, debit Sales DIscounts for $240 and credit Accounts Recelvable for $12,000. Debit Cash for $12,000 and credit Accounts Recelvable for $12,000. Debit Accounts Payable for $12,000, credit Cash for $11,760 and credit Inventory for $240

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