Best Discount Store uses the perpetual system and had a sale on account to Julie Smith of $5,000 with terms 3/10, n /30. Ms. Smith paid within the discount period. The journal entry to record receiving payment from the sale on account would be:1.Accounts receivable: 4,850 debit sales revenue: 4,850 credit2.accounts receivable: 5,000 debit cash: 5,000 credit3.cash: 5,000 debit accounts receivable: 5,000 credit4.cash: 4,850 debit accounts receivable: 4,850 credit

Owns a machine that can produce two specialized products. production time for product tlx is two units per hour and for product mtv is four units per hour. the machine’s capacity is 2,100 hours per year. both products are sold to a single customer who has agreed to buy all of the company’s output up to a maximum of 3,570 units of product tlx and 1,610 units of product mtv. selling prices and variable costs per unit to produce the products follow. product tlx product mtv selling price per unit $ 11.50 $ 6.90 variable costs per unit 3.45 4.14 determine the company's most profitable sales mix and the contribution margin that results from that sales mix.