The collection of a ¥7,000 account within the 2 percent discount period will result in a
A) debit to Sales Discounts for ¥140.
B) debit to Accounts Receivable for ¥6,860.
C) credit to Cash for ¥6,860.
D) credit to Accounts Receivable for ¥6,860.
Correct Answer:
Verified
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