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The Collection Of a¥7,000a ¥ 7,000 Account Within the 2 Percent Discount Period Will Result in Percent

Question 138

Multiple Choice

The collection of a¥7,000a ¥ 7,000 account within the 2 percent discount period will result in a


A) debit to Sales Discounts for ¥140¥ 140 .
B) debit to Accounts Receivable for ¥6,860¥ 6,860 .
C) credit to Cash for ¥6,860¥ 6,860 .
D) credit to Accounts Receivable for ¥6,860¥ 6,860 .

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