The Collection of a $1,500 Account Within the 2 Percent

question 38

Multiple Choice

The collection of a $1,500 account within the 2 percent discount period will result in a

• A)debit to Sales Discounts for $30.
• B)debit to Accounts Receivable for $1,470.
• C)credit to Cash for $1,470.
• D)credit to Accounts Receivable for $1,470.