The Collection of a $1,200 Account After the 2 Percent

question 110

Multiple Choice

The collection of a $1,200 account after the 2 percent discount period will result in a

• A) debit to Cash for $1,176.
• B) debit to Accounts Receivable for $1,200.
• C) debit to Cash for $1,200.
• D) debit to Sales Discounts for $24.