Kristi’s Pottery sold 200 tiles at $25.00 each to a charge customer, terms 1/10, n/30. Which entry is required to record this transaction?
A. Debit Cash $5,000; credit Tile Sales $5,000
B. Debit Accounts Receivable $4,050; credit Tile Sales $4,050
C. Debit Accounts Receivable $4,050; debit Sales Discount $50.00; credit Tile Sales $5,000
D. Debit Accounts Receivable $5,000; credit Tile Sales $5,000

Question

Kristi’s Pottery sold 200 tiles at $25.00 each to a charge customer, terms 1/10, n/30. Which entry is required to record this transaction?
A. Debit Cash $5,000; credit Tile Sales $5,000
B. Debit Accounts Receivable $4,050; credit Tile Sales $4,050
C. Debit Accounts Receivable $4,050; debit Sales Discount $50.00; credit Tile Sales $5,000
D. Debit Accounts Receivable $5,000; credit Tile Sales $5,000