On December 1, 2022, Surf Clinic provided services to a customer on account for $4,000 with discount terms (credit terms) 2/10, n/30. Assume the customer pays the clinic the correct amount on December 9, 2022. What journal entry should the clinic make to record the collection of cash on December 9, 2022? Multiple Choice Account Accounts Receivable Cash Account Cash Sales Discounts Accounts Receivable Account Cash Accounts Receivable Account Cash Accounts Receivable Debit Debit Debit Debit 4,000 3,920 80 4,000 3,920 Credit 4,000 Credit 4,000 Credit 4,000 Credit 3,920

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.