Solved

The Collection of a $900 Account After the 2 Percent

Question 65

Multiple Choice

The collection of a $900 account after the 2 percent discount period will result in a

A) debit to Cash for $882.
B) debit to Accounts Receivable for $900.
C) debit to Cash for $900.
D) debit to Sales Discounts for $18.

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