On April 2, Kelvin sold 40,000 of inventory items on cr...
单项选择题On April 2, Kelvin sold 40,000 of inventory items on credit with the terms 1/10, net 30. P
ayment on 24,000 sales was received on April 8 and the remaining payment on 16,000 sales was received on April 27. Assuming Kelvin uses the net method of accounting for sales discounts, the entry recorded on April 27 would include a:A．debit to Cash and credit to Accounts Receivable for 15,840．B．debit to Accounts Receivable and credit to Sales Revenue for 40,000．C．debit to Accounts Receivable and credit to Sales Discounts Forfeited for 160．D．debit to Cash and credit to Sales Discounts Forfeited for ＄400．
