Multiple Choice
The entry to record the receipt of payment within the discount period on a sale of $2,000 with terms of 2/10, n/30 will include a credit to
A) Sales Discounts for $40.
B) Cash for $1,960.
C) Accounts Receivable for $2,000.
D) Sales Revenue for $2,000.
Correct Answer:
Verified
Correct Answer:
Verified
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