Multiple Choice
If the receivable for a student is $9,000 and the student pays only $1,000 as the result of receiving an assistantship from the school,what would be the appropriate debit(s) ?
A) Debit Cash and Debit Discount on Revenue.
B) Debit Cash and Debit Expense.
C) Debit Cash and Debit accounts receivable.
D) Debit Cash.
Correct Answer:
Verified
Correct Answer:
Verified
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