The Collection of A $¥ 7,000$ Account After the 2 Percent Discount Period Will Result in Percent

question 142

Multiple Choice

The collection of a $¥ 7,000$ account after the 2 percent discount period will result in a

• A) debit to Cash for \(¥ 6,860\).
• B) credit to Accounts Receivable for \(¥ 7,000\).
• C) credit to Cash for ¥77,000 .
• D) debit to Sales Discounts for \(¥ 140\).

---

Definitions:

Unemployment

The state of being without a job despite being willing and able to work.

Verbal Communication

The use of spoken or written words to convey messages, ideas, or feelings to others.

Capping

In an academic context, it refers to the ceremonial placing of a cap, as part of graduation ceremonies. In other contexts, it might need clarification.

Rapping

A musical form of vocal delivery that incorporates rhyme, rhythmic speech, and street vernacular, which is performed or chanted in a variety of ways, usually over a backing beat or musical accompaniment.