The Collection of an $900 Account Within the 2 Percent

question 260

Multiple Choice

The collection of an $900 account within the 2 percent discount period will result in a

• A) debit to Sales Discounts for $18.
• B) debit to Accounts Receivable for $882.
• C) credit to Cash for $882.
• D) credit to Accounts Receivable for $882.

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Definitions:

Defensive Self-esteem

A form of self-esteem characterized by fragility and vulnerability, often dependent on external validation and defensive in the face of criticism.

Low Level of

is a phrase indicating a minimal or reduced quantity, intensity, or degree of a specific quality or attribute.

Self-efficacy

An individual's belief in their own capacity to execute behaviors necessary to produce specific performance attainments.

Self-worth

An individual's subjective valuation of their own value or worth as a person.