A business sells merchandise, $600, on account with terms of 1/15, n/60. The customer pays within the discount period. The amount recorded in the Cash Debit column is

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The customer qualifies for a 1% discount ($600 x 0.01 = $6) if payment is made within 15 days. Therefore, the amount due would be $600 - $6 = $594. Since the customer paid within the discount period, the amount recorded in the Cash Debit column would be $594.

A Business Sells Merchandise, $600, on Account with Terms of 1/15