Topic $14$: Accounting Information Systems

Maxie's Game World sold games to a customer on credit for $$2,600,$ terms $\frac{1}{10},\frac{n}{30}$ and the cost of the games was $$1,700.$ When recording the collection from the customer made within the discount period, in its cash receipts journal, Maxie's would enter:

Select one:

a$.$ $$2,600$ in the Cash Dr$.$ column and $$2,600$ in the Accounts Receivable Cr$.$ column.

b$.$ $$2,574$ in the Cash Dr$.$ column and $$2,574$ in the Accounts Receivable Cr$.$ column.

c$.$ $$2,574$ in the Cash Dr$.$ column, $$26$ in the Sales Discount Dr$.$ column and $$2,600$ in the Accounts Receivable $Cr.$ column.

d$.$ $$2,600$ in the Accounts Receivable Dr$./$Sales Cr$.$ column and $$2,600$ in the Cash Cr$.$ column.

e$.$ $$2,600$ in the Cash Dr$.$ column. $$2,600$ in the Sales Cr$.$ column, and $$1,700$ in the Cost of Goods Sold Dr$./$Inventory Cr$.$ column.