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    The Entry to Record the Receipt of Payment Within the Discount
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The Entry to Record the Receipt of Payment Within the Discount

Question 206

Question 206

Multiple Choice

The entry to record the receipt of payment within the discount period on a sale of $900 with terms of 2/10, n/30 will include a


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

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