Multiple Choice
The entry to record the receipt of payment within the discount period on a sale of $700 with terms of 2/10, n/30 will include a
A) credit to Sales Discounts for $14.
B) debit to Sales Revenue for $686.
C) credit to Accounts Receivable for $700.
D) credit to Sales Revenue for $700.
Correct Answer:
Verified
Correct Answer:
Verified
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