Multiple Choice
A purchase on account with an invoice price of $750 has been made. The entry to record the payment after the 2 percent discount period would include a(n)
A) decrease to Accounts Payable for $750.
B) decrease to Purchases Discounts for $15.
C) increase to Accounts Payable for $735.
D) decrease to Cash for $735.
Correct Answer:
Verified
Correct Answer:
Verified
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