On december 1, macy company sold merchandise with a selling price of $9,000 on account to mrs. jorgensen, with terms 4/10, n/30. on december 3, mrs. jorgensen returned merchandise with a selling price of $700. mrs. jorgensen paid the amount due on december 9. what journal entry did macy company prepare on december 9 assuming the gross method is used?
a) debit cash for $7,968 and credit accounts receivable for $7,968.
b) debit sales revenue for $7,968, debit sales discounts for $332, and credit accounts receivable for $8,300.
c) debit sales revenue for $8,300, credit sales discount for $332 and credit cash for $7,968.
d) debit cash for $7,968, debit sales discounts for $332, and credit accounts receivable for $8,300.