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The entry to record the receipt of payment within the discount period on a sale of $ 1,000 with terms of 2/10, n/30 will include
The entry to record the receipt of payment within the discount period on a sale of $ 1,000 with terms of 2/10, n/30 will include a credit to Sales Discounts for $20 Crash tot $980 Accounts Receivable for $1,000 Sales Revenue for $1.000
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Survey of Accounting
Authors: Thomas Edmonds, Christopher, Philip Olds, Frances McNair, Bor
4th edition
77862376, 978-0077862374
