Which of the Following Is Recorded Upon Receipt of a Payment

question 45

Multiple Choice

Which of the following is recorded upon receipt of a payment on April 7,2015,by a customer who pays a $900 invoice dated March 3,2015,with terms 2/10,n/60?

• A)Debit Sales Discounts $18.
• B)Credit Purchase Discounts $18.
• C)Credit Accounts Receivable $882.
• D)Debit Cash $900.

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Definitions:

Suicide

The act of intentionally causing one's own death.

Prevalence

The proportion of a population found to have a particular condition or characteristic at a specific time.

Depression

A common and serious mood disorder characterized by persistent feelings of sadness, emptiness, or hopelessness, often accompanied by physical symptoms.

Korsakoff's Syndrome

A chronic memory disorder caused by severe deficiency of thiamine, most often associated with alcohol abuse.