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Which of the transactions would sugar too bookkeeper

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Problem 1: On May 5, Sugar Too company received $5684 from Sweetum Candy company with 2% net 10 on Sweetum's Accounts Receivable balance of $ 5800. Which of the following transactions would sugar Too'S bookkeeper post in order to record this?

A- Credit Accounts Receivable $5800; debit Cash $5684; Debit Allowance for Sales  Discounts $116.
B- Credit Accounts Receivable $5800; Debit cash $5800.
C- Credit Cash $5800; debit Accounts Receivable $5684; Debit Allowance for sale Discounts  $11,484.
D- Credit Allowance for Sales discounts $ 5684; debit Cash $5684.
E- Credit Sales Expense $116; debit Cash $ 5864.

Reference no: EM132699001

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