Ramos Company receives a payment on account from Martinez Industries. Based on the original sale of $8,000 using the periodic inventory approach, Ramos honors the 3% cash discount and records the payment. Which of the following is the correct entry for Ramos to record? 
Definitions:
Informal Culture
The unspoken, unofficial, and often unintended behaviors, traditions, and rituals that organically develop within an organization.
Cultural Levels
The various strata within cultures that influence social behavior and interactions, ranging from national norms to individual values and beliefs.
Administrative Assistant
A role tasked with providing administrative support to ensure efficient operation of an office or department.
Personal Blog
A type of website or part of a website maintained by an individual, often featuring diary-style commentary and links to articles on other websites.
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