The entry to record the receipt of payment within the discount period on a sale of ¥7,500 with terms of 2/10, n/30 will include a credit to

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The entry will include a credit to Accounts Receivable for ¥7,500, as this is the total amount initially recorded as receivable. The discount of ¥150 (2% of ¥7,500) is recorded separately, and the cash received will be ¥7,350.

The Entry to Record the Receipt of Payment Within the Discount