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The Collection of a $6,000 Account Within the 2 Percent

Question 187

Multiple Choice

The collection of a $6,000 account within the 2 percent discount period will result in a


A) debit to Sales Discounts for $120.
B) debit to Accounts Receivable for $5,880.
C) credit to Cash for $5,880.
D) credit to Accounts Receivable for $5,880.

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