Sally Beauty Warehouse uses the perpetual inventory system to account for its merchandise. On Nov 2, It sold $700

Sally Beauty Warehouse uses the perpetual inventory system to account for its merchandise. On Nov 2, It sold $700 of merchandise on credit with terms of 2/15,n/30. Demonstrate the required journal entry to record the receipt of payment from the customer on Nov 13, by selecting all of the correct actions below. (Check all that apply.)

Credit Accounts Receivable $700.
Debit Cash $686.
Debit Accounts Receivable $700.
Debit Sales Discounts $14.
Credit Sales Discounts $14.
Debit Cash $700.

Toys R Fun purchased $4,000 of merchandise for resale and paid immediately. To record this
transaction, Toys R Fun's accountant would debit the Merchandise Inventory (Merchandise
Inventory/Accounts Payable/Cash) account and credit the Cash (Cash/Merchandise Inventory/Accounts
Payable) account.