The Collection of a $1,000 Account Paid Within the 2

question 12

Multiple Choice

The collection of a $1,000 account paid within the 2 percent discount period will result in a

• A)credit to Cash for $980.
• B)credit to Accounts Receivable for $1,000.
• C)debit to Cash for $1,000.
• D)credit to Accounts Receivable for $980.

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Definitions:

Overextension

in language development, refers to the application of a word in a broader context than is appropriate, common in early speech.

Metacognition

The recognition and comprehension of an individual's own cognitive activities, commonly described as "thinking about thinking."

Reflect on your Own Thinking

The meta-cognitive process of analyzing one’s own thoughts, beliefs, and cognitive processes.

Zone of Proximal Development

A concept in developmental psychology referring to the difference between what a learner can do without help and what they can achieve with guidance and encouragement from a skilled partner.