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Current Attempt in Progress The collection of a $ 2 5 0 0 account within the 2 percent discount period will result in a credit

Current Attempt in Progress
The collection of a $2500 account within the 2 percent discount period will result in a
credit to Cash for $2450.
debit to Accounts Receivable for $2450.
debit to Sales Discounts for $50.
credit to Accounts Receivable for $2450.
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