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A characteristic of the account, Sales Discount, includes the following: O A. debit balance O B. records the cash discounts granted to customers. O C.

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A characteristic of the account, Sales Discount, includes the following: O A. debit balance O B. records the cash discounts granted to customers. O C. contra - revenue account. OD. All of these answers are correct. The side that increases the balance of the Sales Discount account is: O A. a debit OB. a credit O C. zero. OD. It does not have a normal balance. If a customer returns merchandise, the income for that period will be increased. O O True False If a credit memorandum is issued, what account will be increased on the seller's books? O A. Accounts Receivable OB. Sales O C. Sales Returns and Allowances OD. Sales Discount

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