If a Buyer Takes Advantage of a Sales Discount,the Journal

question 169

Multiple Choice

If a buyer takes advantage of a sales discount,the journal entry recorded by the seller will include a(n) :

• A)debit to Cash,credit to Sales Discount and credit to Accounts Receivable.
• B)debit to Cash,debit to Sales Discount and credit to Accounts Receivable.
• C)debit to Cash and credit to Accounts Receivable.
• D)debit to Cash,debit to Sales Returns and Allowances and credit to Accounts Receivable.

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Definitions:

Reaction Occurrence

Refers to the event in which reactants transform into products during a chemical reaction.

Collide

To come into forceful contact with another object, often resulting in a transfer of energy or a physical change.

Molecular-Level Collisions

Interactions between molecules that occur when their kinetic energies allow them to overcome repulsive forces and come into close contact, often resulting in chemical reactions.

High-Energy Collisions

Interactions between particles with extremely high kinetic energy, often studied to understand fundamental particles and forces.