Question: which is the correct answer from below On September 12, Ryan Company sold merchandise in the amount of $8,600 to Johnson Company, with credit terms

which is the correct answer from below  which is the correct answer from below On September 12, Ryan
Company sold merchandise in the amount of $8,600 to Johnson Company, with

On September 12, Ryan Company sold merchandise in the amount of $8,600 to Johnson Company, with credit terms of 2/10, 1/30 The cost of the items sold is $5,400. Ryan uses the periodic inventory system and the net method of accounting for sales. Johnson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Ryan makes on September 18 is: Multiple Choice Cash Accounts receivable 8,600 Cash Sales discounts Accounts receivable 5,292 108 5.400 5,400 I cash Accounts receivable 3.405,400 5.400 18,420 8,600 Cash Accounts receivable 8,600 0 Cash Sales discounts Accounts receivable 5,292 108 5,400 0 Cash Accounts receivable 5,400 5,400 0 Cash Accounts receivable 8,428 8,428 Cash Sales discounts Accounts receivable 8,428 1721 8,600

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