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The collection of a $1400 account within the 2 percent discount period will result in a credit to Accounts Receivable for $1372. debit to Accounts

The collection of a $1400 account within the 2 percent discount period will result in a credit to Accounts Receivable for $1372. debit to Accounts Receivable for $1372. credit to Cash for $1372 debit to Sales Discounts for $28

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