Multiple Choice
The collection of a $2,000 account beyond the 2 percent discount period would result in a(n)
A) increase to Cash for $1,960.
B) decrease to Accounts Receivable for $2,000.
C) decrease to Cash for $2,000.
D) increase to Sales Discounts for $40.
Correct Answer:
Verified
Correct Answer:
Verified
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