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ACCT 304 Week 5 DQ 2 Receivables
This file of ACCT 304 Week 5 DQ 2 Receivables contains:
When a business extends credit to its customers, we call this Accounts Receivable. Often a business will grant its customers a discount. What are the two types of discounts, and how does the journal entry to record the sale change when there is a discount granted?