Welcome to Bytelearn!

Let’s check out your problem:

Argyle Corp. uses the gross method of recording sales discounts. Assume that a sale on account of $\$ 12,000$ was made to Fitzgerald, Inc. with terms $2 / 10, n / 30$. When Fitzgerald pays within the discount period, what is the correct journal entry?$\newline$a.$\newline$Cash$\newline$Accounts Receivable-Fitzgerald, Inc.$\newline$b.$\newline$Accounts Receivable-Fitzgerald, Inc.$\newline$$11$,$760$$\newline$Cash$\newline$$12$,$000$$\newline$$11$,$760$$\newline$Sales$\newline$$11$,$760$$\newline$c.$\newline$Cash$\newline$$11$,$760$$\newline$Sales Discounts$\newline$$240$$\newline$Accounts Receivable-Fitzgerald, Inc.$\newline$d.$\newline$Accounts Receivable-Fitzgerald, Inc.$\newline$$11$,$760$$\newline$Cash$\newline$$11$,$760$