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Hyakuen Inc. is a Japanese firm located in Nagoya. The firm collects a JPY 1,000,000 account after the 2 percent discount period. The firm's accountant

Hyakuen Inc. is a Japanese firm located in Nagoya. The firm collects a JPY 1,000,000 account after the 2 percent discount period. The firm's accountant shall conclude that this collection will result in a Select one: a. credit to Accounts Receivable for JPY 1,000,000. b. debit to Cash for JPY 980,000. c. credit to Cash for JPY 1,000,000. d. debit to Sales Discounts for JPY 20,000

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