The collection of a S600 account within the 2 percent discount period will result in a O a. debit to Sales Discounts for $12. O b. credit to Cash for $588. O c credit to Accounts Receivable for $588. O d. debit to Accounts Receivable for $588. Which of the following would not result in unearned revenue? O a. Sale of tickets to five football games O b. Rent collected in advance O . Sale of two-year magazine subscriptions O d. Services performed on account

The collection of a S600 account within the 2 percent discount period will result in a O a. debit to Sales Discounts for $12. O b. credit to Cash for $588. O c credit to Accounts Receivable for $588. O d. debit to Accounts Receivable for $588. Which of the following would not result in unearned revenue? O a. Sale of tickets to five football games O b. Rent collected in advance O . Sale of two-year magazine subscriptions O d. Services performed on account

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Description: This multible choice question from ACCOUNTING PRINCIPLES I.just write for me the final answer. 12The collection of a $600 account within the 2 percent discount period will result in aO a. debit to Sales Discounts for $12.O b. credit to Cash for $588.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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