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3 Reporting accounts receivable The following records the receipt of cash from a debtor within the discount period: 2425 Cash Sales Discounts Accounts Receivable 75

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3 Reporting accounts receivable The following records the receipt of cash from a debtor within the discount period: 2425 Cash Sales Discounts Accounts Receivable 75 2500 REQUIRED Explain why the customer has paid only $2425 yet has their debt reduced by the full $2500

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