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118. The collection of an $800 account within the 2 percent discount period will result in a debit to Sales Discounts for $16. debit to

118. The collection of an $800 account within the 2 percent discount period will result in a debit to Sales Discounts for $16. debit to Accounts Receivable for $784. credit to Cash for $784. credit to Accounts Receivable for $784. 91.0.59

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