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    Exam 6: Merchandising Operations and the Multistep Income Statement
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    The Journal Entry to Record Taking a Discount When Paying
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The Journal Entry to Record Taking a Discount When Paying

Question 146

Question 146

Multiple Choice

The journal entry to record taking a discount when paying for goods previously purchased on account includes a:


A) credit to two asset accounts.
B) credit to a liability account.
C) debit to an asset account.
D) debit to an expense account.

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