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Throughout September, Taylor Hardwareoffered a discount to customers who used their store credit card on paint purchases. When customers paid their bill in full within

Throughout September, Taylor Hardwareoffered a discount to customers who used their store credit card on paint purchases. When customers paid their bill in full within 30 days of a paint purchase, 10% was deducted from the invoice amount, to be used as store credit on their next purchase.

Louise is a building painter who purchased $7,500 worth of paint using her Taylor Hardware credit card. Louise paid her balance in full 29 days after the purchase.

$7,500 is recorded in the __________.

  • a.)
  • purchase discount account,
  • b.)
  • sales discount account
  • c.)
  • purchase account
  • d.)
  • sales account

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