The Collection of a $1,500 Account After the 2 Percent

Multiple Choice

The collection of a $1,500 account after the 2 percent discount period will result in a

A) debit to Cash for $1,470.
B) debit to Accounts Receivable for $1,500.
C) debit to Cash for $1,500.
D) debit to Sales Discounts for $30.