In a three-column cash book, the discount column totals were $\$320$ on the debit side and $\$140$ on the credit side. What entries are recorded when these totals are posted to the nominal ledger?
- AAccount debited: discounts allowed $\$140$; Account credited: discounts received $\$320$
- BAccount debited: discounts allowed $\$320$; Account credited: discounts received $\$140$
- CAccount debited: discounts received $\$140$; Account credited: discounts allowed $\$320$
- DAccount debited: discounts received $\$320$; Account credited: discounts allowed $\$140$