On August 1, Party Hearty Company sold merchandise on credit with a list price of $6,300….

On August 1, Party Hearty Company sold merchandise on credit
with a list price of $6,300. Terms were 2/10, n/30. Which of the
following entries correctly applies the indicated method to receive
the appropriate customer payment on August 15?

Gross Price Method

Cash
6,300

Accounts Receivable

6,300

Gross Price Method

Cash
6,300

Sales Revenue

126

Accounts Receivable

6,174

Net Price Method

Cash
6,174

Sales Revenue
126

Accounts Receivable

6,300

Net Price Method

Cash
6,174

Accounts Receivable

6,174