Griffin Ltd made a sale of $800 to a customer on terms of 2/10,n/30 on 1 July.The account was paid on 8 July.Griffin Ltd would make which of the following postings to the ledger on 8 July?
A) Dr Discount expense $16
B) Dr Accounts receivable $800
C) Cr Discount revenue $16
D) Cr Discount expense $16

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The Answer of Griffin Ltd made a sale of $800 to a customer on terms of 2/10,n/30 on 1 July.The account was paid on 8 July.Griffin Ltd would make which of the following postings to the ledger on 8 July?
A) Dr Discount expense $16
B) Dr Accounts receivable $800
C) Cr Discount revenue $16
D) Cr Discount expense $16

Griffin Ltd Made a Sale of $800 to a Customer