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The collection of a $2800 account within the 2 percent discount period will result in a debit to Accounts Receivable for $2744. debit to Sales

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The collection of a $2800 account within the 2 percent discount period will result in a debit to Accounts Receivable for $2744. debit to Sales Discounts for $56. credit to Cash for $2744. credit to Accounts Receivable for $2744

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