Which of the Following Journal Entries Correctly Records the Collection

question 2

Multiple Choice

Which of the following journal entries correctly records the collection of an account receivable for which a 1% sales discount was recorded at the time of collection?

• A) Option A
• B) Option B
• C)Option C
• D)Option D

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Definitions:

Parallel

Lines or planes that are exactly side by side; a pair of beams that have exact spacing between them.

Conductance Test Instruments

Conductance test instruments are used to measure electrical conductance, which is the ability of a component or circuit to conduct electricity.

Mis-Diagnosed Batteries

Situations where vehicle batteries are incorrectly identified as the source of a problem or failure when the issue lies elsewhere.

Portable Generator

A small, movable generator that can provide electricity in locations without access to power grids.