XYZ issued an invoice to T. Henry for £10,000, less a 20% trade discount for inventory. The invoice also included terms which stipulated that a cash discount of 5% would be allowed if the invoice was paid within 10 days.
The double entry to record the initial sale in the books of XYZ is as follows:

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The Answer of XYZ issued an invoice to T. Henry for £10,000, less a 20% trade discount for inventory. The invoice also included terms which stipulated that a cash discount of 5% would be allowed if the invoice was paid within 10 days.
The double entry to record the initial sale in the books of XYZ is as follows:

XYZ Issued an Invoice to T