Multiple Choice
The entry to record payment of a $1,500 purchase within the 2 percent discount period would include a(n)
A) decrease to Accounts Payable for $1,470.
B) increase to Purchases Discounts for $30.
C) increase to Accounts Payable for $1,500.
D) increase to Cash for $1,500.
Correct Answer:
Verified
Correct Answer:
Verified
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