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The collection of a $2,000 account within the 2 percent discount period will result in a debit to Sales Discounts for $40. credit to Accounts

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The collection of a $2,000 account within the 2 percent discount period will result in a debit to Sales Discounts for $40. credit to Accounts Receivable for $1,960. debit to Accounts Receivable for $1,960. O credit to Cash for $1,960

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