The entry to record a payment on a $600 account within the 2% discount period would include a:

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A payment within the discount period typically involves paying the net amount after taking the discount. However, the entry to record the payment must reflect the full amount of the payable being settled. Therefore, a debit to Accounts Payable for the full amount of $600 is correct, as it indicates the total obligation being removed from the books. The discount would be accounted for separately, typically through a credit to a discounts account or directly reducing the expense or inventory account associated with the purchase.

The Entry to Record a Payment on a $600 Account