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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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