The Collection of a $6,000 Account Within the 2 Percent

question 25

Multiple Choice

The collection of a $6,000 account within the 2 percent discount period will result in a

• A) debit to Sales Discounts for $120.
• B) debit to Accounts Receivable for $5,880.
• C) credit to Cash for $5,880.
• D) credit to Accounts Receivable for $5,880.

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Definitions:

Contraceptive Sponge

A soft, disk-shaped device made of polyurethane foam that contains spermicide and is inserted into the vagina to prevent pregnancy.

Depot Medroxyprogesterone Acetate (DMPA)

A long-acting, injectable contraceptive hormone used to prevent pregnancy.

Copper Intrauterine Device

A form of birth control that is inserted into the uterus, where the copper acts as a spermicide to prevent pregnancy.

Contraception

Techniques or instruments designed to avoid conception.