Which of the Following Is Recorded Upon Receipt of a Payment

question 33

Multiple Choice

Which of the following is recorded upon receipt of a payment on April 7,2018,by a customer who pays a $900 invoice dated March 3,2018,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.