On February 3, Smart Company sold merchandise in the amount of $4,300 to Truman Company, with credit terms of 3/10, n/30. The cost of the items sold is $2,970. Smart uses the perpetual inventory system and the gross method. Truman pays the invoice on February 8, and takes the appropriate discount.
The journal entry that Smart makes on February 8 is:

a) Cash 4,171 Sales discounts 129 Accounts receivable 4,300
b) Cash 2,890 Accounts receivable 2,890
c) Cash 4,220 Sales discounts 89 Accounts receivable 4,309
d) Cash 2,970 Accounts receivable 2,970
e) Cash 4,300 Accounts receivable 4,300

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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answer; empowerment and collaboration;