Breckers Distributors offers customers 2/10, n/60 terms to customers. Breckers ships product to St. Lawrence Retailers on March 12th in the amount of...

Breckers Distributors offers customers 2/10, n/60 terms to customers. Breckers ships product to St. Lawrence Retailers on March 12th in the amount of $600. St. Lawrence Retailers pays the bill on March 21st. If Breckers wishes to track all discounts allowed, which journal entry will correctly reflect the payment received?

Select one:

a. DrCash $588, DrSales Discount $12, Cr Accounts Receivable $600

b. DrCash $588, DrSales $12, Cr Accounts Receivable $600

c. Dr Cash $588, Cr Sales $588

d. Cr Cash $588, Cr Sales Discount $12, DrAccounts Receivable $600