Multiple Choice
If merchandise is sold for $2,000 subject to credit terms of 2/10, n/30, the entry to record collection in full within the discount period would include a:
A) debit to Sales Discounts for $40.
B) credit to Cash for $1,960.
C) credit to Accounts Receivable for $40.
D) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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