The collection of a $900 account after the 2 percent discount period will result in a a. debit to Cash for $900. O b. debit to Cash for $882. O c. debit to Sales Discounts for $18. O d. debit to Accounts Receivable for $900.
The collection of a $900 account after the 2 percent discount period will result in a a. debit to Cash for $900. O b. debit to Cash for $882. O c. debit to Sales Discounts for $18. O d. debit to Accounts Receivable for $900.
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter10: Cash Receipts And Cash Payments
Section: Chapter Questions
Problem 2QY: What is the entry to record the cash received on a sale of 500, credit terms 1/15, n/30, if the...
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q(36)This multible choice question from ACCOUNTING PRINCIPLES I.just write for me the final answer.
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