The Entry to Record a Sale of $525 with Terms

question 53

Multiple Choice

The entry to record a sale of $525 with terms of 2/10, n/30 will include a

• A) debit to Sales Discounts for $10.50.
• B) debit to Sales for $514.50.
• C) credit to Accounts Receivable for $525.
• D) credit to Sales for $525.

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Definitions:

Recall Memory

The cognitive process of retrieving information from the past, which has been previously encoded and stored in the brain.

Wechsler Preschool

A standardized test designed to assess the intellectual and cognitive development of preschool-aged children.

Intelligence Tests

Standardized assessments designed to measure cognitive abilities, such as problem-solving skills, memory, and reasoning, often used to estimate an individual's intellectual potential.

IQ Score

A measure of a person's cognitive abilities and potential, represented as a numerical value derived from standardized testing.