Answer:
a. Cash 5,684 Sales discounts 116 , Accounts receivable 5,800
Explanation:
The journal entry is shown below:
Cash A/c Dr $5,684
Sales Discount A/c Dr $116
To Accounts receivable $5,800
(Being cash received recorded)
The computation of the account receivable
= $5,800
And, the discount would be
= Accounts receivable × percentage given
= $5,800 × 2%
= $116
The remaining amount would be credited to the cash account i.e $5,684 ($5,800 - $116)