A Merchandiser Received Payment in Full Within the Discount Period

question 44

Multiple Choice

A merchandiser received payment in full within the discount period on a $5,000 sales invoice, terms 2/15 n/30. The journal entry would include a:

• A)debit to Cash for $5,000.
• B)credit to Accounts Receivable for $5,000.
• C)credit to Accounts Receivable for $4,900.
• D)credit to Sales Discounts for $100.

---

Definitions:

Abnormal Behavior

Actions or behaviors that deviate significantly from what is considered typical or normal within a population or society.

Specializing

Focusing on a particular area of study or work, developing expertise within a specific domain.

Social Norm Deviance

Actions or behaviors that violate the unwritten rules or expectations of society or a social group.

Cultural Context

The environment or situation that surrounds the occurrence of a particular event, behavior, or understanding, significantly influenced by cultural practices and beliefs.