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If a Buyer Takes Advantage of a Sales Discount, the Journal

Question 20

Multiple Choice

If a buyer takes advantage of a sales discount, the journal entry recorded by the seller will include a(n) :


A) debit to Cash and a credit to Sales Discount.
B) debit to Cash and a debit to Sales Discount.
C) debit to Cash and debit to Accounts Receivable.
D) debit to Cash and debit to Sales Returns and Allowances.

Correct Answer:

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