https://edugen.wileyplus.com/edugen/lti/main.uni CANVAS UCLA Canvas Login C The

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https://edugen.wileyplus.com/edugen/lti/main.uni CANVAS UCLA Canvas Login C The Income Statem... Weygandt, Accounting Principles, 13e CALCULATOR Multiple Choice Question 77 The entry to record the receipt of payment within the discount period on a sale of $1600 with terms of 2/10, n/30 will include a credit to Sales Revenue for 1600. O Cash for $1568. 0 Accounts Receivable for $1600. O Sales Discounts for $32. Click if you would like to Show Work for this question: Qpen Show Work Question Attempts: 0 of 1 used

Explanation / Answer

1 Credit to Accounts Receivable for $1600 2 Accounts Payable 8900        Inventory 178 =8900*2%        Cash 8722

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