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A company performs $1,000 worth of services on account on March 1, with the terms 2/10, n/30. The customer makes the payment on March 7.

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A company performs $1,000 worth of services on account on March 1, with the terms 2/10, n/30. The customer makes the payment on March 7. The receipt of payment will involve a: debit to cash for $1,000 credit to Accounts Receivable for $980 debit to Sales Discounts for $20 Ocredit to Service Revenue for $980

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