The collection of a $900 account after the 2 percent discount period will result in a a. debit to Cash for $900. O b. debit to Cash for $882. O c. debit to Sales Discounts for $18. O d. debit to Accounts Receivable for $900.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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q(36)This multible choice question from ACCOUNTING PRINCIPLES I.just write for me the final answer.

36
The collection of a $900 account after the 2 percent discount period will result in a
O a. debit to Cash for $900.
O b. debit to Cash for $882.
O c. debit to Sales Discounts for $18.
O d. debit to Accounts Receivable for $900.
Transcribed Image Text:36 The collection of a $900 account after the 2 percent discount period will result in a O a. debit to Cash for $900. O b. debit to Cash for $882. O c. debit to Sales Discounts for $18. O d. debit to Accounts Receivable for $900.
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