The Entry to Record Payment of a $3,000 Purchase Within

question 16

Multiple Choice

The entry to record payment of a $3,000 purchase within the 2 percent discount period would include a(n)

• A)decrease to Accounts Payable for $2,940.
• B)increase to Purchases Discounts for $60.
• C)increase to Accounts Payable for $3,000.
• D)increase to Cash for $3,000.

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Definitions:

Warm

Exhibiting kindness, friendliness, and empathy towards others.

Responsive

The quality of reacting quickly and positively to changes, requests, or stimuli.

Electronic Media

Forms of media that use electronic or electromechanical energy for the end-user (audience) to access the content.

TV Viewing

The act of watching television content, often discussed in the context of its effects on behavior, time management, or mental health.