On April 2, KLV sold $30,000 of inventory items on credit with the terms 1/10, net 30. Payment on $18,000 sales was received on April 8 and the remaining payment on $12,000 sales was received on April 27. Assuming KLV uses the net method of accounting for sales discounts, the entry recorded on April 27 would include a:a. debit to Cash and credit to Accounts Receivable for $11,880.b. debit to Accounts Receivable and credit to Sales Discount Forfeited for $120.c. debit to Accounts Receivable and credit to Sales Revenue for $30,000.d. debit to Cash and credit to Sales Discount Forfeited for $300.