The collection of a $600 account within the 2 percent discount period will result in a
A) debit to Sales Discounts for $12.
B) debit to Accounts Receivable for $588.
C) credit to Cash for $588.
D) credit to Accounts Receivable for $588.

Question

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The Answer of The collection of a $600 account within the 2 percent discount period will result in a
A) debit to Sales Discounts for $12.
B) debit to Accounts Receivable for $588.
C) credit to Cash for $588.
D) credit to Accounts Receivable for $588.

The Collection of a $600 Account Within the 2 Percent