Question

When recording receivables under credit terms of 2/10 Net 30 using the Net Method, how is the sale initially recorded on the date of transaction? 

A Recorded at the full gross invoice price.
B Recorded at the invoice price minus the 2% early payment discount.
C Recorded with a mandatory debit to "Cash Discount Offered."
D Recorded only when the cash is received.
E Recorded at the invoice price plus the 2% additional charge.
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