The collection of a

$1,200

account after the 2 percent discount period will result in a\ debit to Cash for

$1,176

.\ credit to Accounts Receivable for

$1,200

.\ credit to Cash for

$1,200

.\ debit to Sales Discounts for $24.

The collection of a $1,200 account after the 2 percent discount period will result in a debit to Cash for $1,176. credit to Accounts Receivable for $1,200. credit to Cash for $1,200. debit to Sales Discounts for $24