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11)The collection of a $3,500 account within the 4 percent discount period will result in a a)debit to Accounts Receivable for $3,360 b)credit to Cash
11)The collection of a $3,500 account within the 4 percent discount period will result in a
a)debit to Accounts Receivable for $3,360
b)credit to Cash for $3,360.
c)debit to Sales Discounts for $140.
d)credit to Accounts Receivable for $3,360.
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