Question
The entry to record the receipt of payment within the discount period on a sale of $700 with terms of 2/10, n/30 will include: A.
The entry to record the receipt of payment within the discount period on a sale of $700 with terms of 2/10, n/30 will include:
A. Credit to sales discounts for $14
B. Debit to sales revenue for $686
C. Credit to accounts receivable for $700
D. Credit to sales revenue for $700
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Principles of Cost Accounting
Authors: Edward J. Vanderbeck
16th edition
9781133712701, 1133187862, 1133712703, 978-1133187868
