Multiple Choice
A company records the following journal entry: debit Cash $1,470, debit Sales Discounts $30, and credit Accounts Receivable $1,500. This means that the customer has taken what percentage cash discount for early payment?
A) 1%
B) 2%
C) 5%
D) 10%
E) 15%
Correct Answer:
Verified
Correct Answer:
Verified
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