Question
Copper, Inc. provided services worth $2,000. Because the customer was a college student, Copper granted the customer a 10% discount and the customer paid the
Copper, Inc. provided services worth $2,000. Because the customer was a college student, Copper granted the customer a 10% discount and the customer paid the correct amount in cash.
What account(s) would Copper credit to record the service transaction?
Multiple Choice
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Service Revenue
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Trade Discount; Service Revenue
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Service Revenue; Cash
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Cash
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The ASQ Auditing Handbook
Authors: J. P. Russell,
4th Edition
0873898478, 978-0873898478
