On April 7, Rainforest Co. sold merchandise in the amount of $4,200 to Stellar Co. with credit terms 1/10, n/30. the cost of the items sold is $2,900. Stellar pays the invoice on April 14. The journal entry Rainforest Co. makes on April 14 is:
Accounts Payable
Cash
4,200
4,200
• Cash
4,200
Accounts Receivable
4,200
Cash
4,158
Sales Discount
42
Accounts Receivable
4,200
Cash
2,900
Accounts Receivable
2,900
Cash
Sales Discount
Accounts Receivable
4,120
29
4,149