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A customer takes advantage of a 2 percent sales discount on a $400 purchase. The entry made by the customer to record payment is: A.
A customer takes advantage of a 2 percent sales discount on a $400 purchase. The entry made by the customer to record payment is: A. Debit Accounts Payable, $392, credit Cash, $392. B. Debit Accounts Payable, $400, credit Sales Discounts $8, credit Cash, $392. C. Debit Accounts Payable, $400, credit Purchases Discounts $8, credit Cash, $392 D. Debit Purchases Discounts, $392, credit Cash, $392 Show your work
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