8 Suppose a health care organization buys supplies from a vendor but has not yet paid for the supplies. The vendor will give a 5% discount to the health care organization it pays the invoice within 20 days as an incentive to pay quickly. What is the liability that the health care organization should record on its balance sheet: the full cost of the invoice or the discounted amount?

Suppose a health care organization buys supplies from a vendor but has not yet paid for the supplies. The vendor will give a 5% discount to the health care organization if it pays the invoice within 20 days as an incentive to pay quickly. What is the liability that the health care organization should record on its balance sheet: the full cost of the invoice or the discounted amount