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Within 10 days following a sale, a company receives payment of a $20,000 account receivable with terms of 2/10, n/30. Which of these sales discounts will it record? O (100% - 2%) × $20,000 O (100% - 10%) x $20,000 O 10% of $20,000 O 2% of $20.000

Within 10 days following a sale, a company receives payment of a $20,000 account receivable with terms of 2/10, n/30. Which of these sales discounts will it record? O (100% - 2%) × $20,000 O (100% - 10%) x $20,000 O 10% of $20,000 O 2% of $20.000

FINANCIAL ACCOUNTING
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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Within 10 days following a sale, a company receives payment of a $20,000 account receivable with terms of 2/10, n/30. Which of these sales discounts will it record? O (100% - 2%) × $20,000 O (100% - 10%) × $20,000 O 10% of $20,000 O 2% of $20,000
Transcribed Image Text:Within 10 days following a sale, a company receives payment of a $20,000 account receivable with terms of 2/10, n/30. Which of these sales discounts will it record? O (100% - 2%) × $20,000 O (100% - 10%) × $20,000 O 10% of $20,000 O 2% of $20,000
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