Adding the Discount Terms 2/10,n/30 to a Sales Invoice for $1

question 32

Multiple Choice

Adding the discount terms 2/10,n/30 to a sales invoice for $1 000 will -

• A)change the accounts receivable amount to $980
• B)change the cash in bank amount to $980
• C)credit $20 to accounts receivable and debit $980 when the account is paid
• D)not change the amounts in the journal entry for the sales invoice

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Definitions:

Stranger Anxiety

Wariness of strange people and places, shown by some infants during the second half of the 1st year.

Mutual-Regulation Model

A theory in psychology that explains how individuals regulate their emotions and behaviors in interaction with the regulation processes of others.

Securely Attached

Describes an attachment style in childhood development where the child displays confidence and comfort in exploring their surroundings, knowing they have a reliable caregiver for support.

Psychopathology

The scientific study of mental disorders, including their symptoms, causes, and treatment.