The Collection of a $2,000 Account Within the 2 Percent

question 5

Multiple Choice

The collection of a $2,000 account within the 2 percent discount period will result in a

• A)debit to Sales Discounts for $40.
• B)debit to Accounts Receivable for $1,960.
• C)credit to Cash for $1,960.
• D)credit to Accounts Receivable for $1,960.

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Definitions:

Athletes

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Performers who express ideas, stories, rhythm, and sound through bodily movements.

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The capacity for introspection, self-awareness, and the ability to engage in thoughtful analysis and evaluation of one's thoughts, feelings, and actions.

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An author and psychologist known for his work on emotional intelligence.