The Collection of a $600 Account Within the 2 Percent

question 67

Multiple Choice

The collection of a $600 account within the 2 percent discount period will result in a

• A) debit to Sales Discounts for $12.
• B) debit to Accounts Receivable for $588.
• C) credit to Cash for $588.
• D) credit to Accounts Receivable for $588.

---

Definitions:

Liver Cancer

A disease characterized by malignant cells forming in the tissues of the liver, which can be primary or secondary (metastatic).

Liver Failure

A critical condition where the liver loses its function, which can lead to life-threatening complications.

Fungal Infection

A disease condition caused by the growth of fungi in or on the body, leading to symptoms like itching, rashes, or more severe systemic issues.

Contagious

Having a disease that can easily be transmitted to others.