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ivann1987 [24]
1 year ago
5

The entry to record the receipt of payment within the discount period on a sale of $2,500 with terms of 2/10, n/30 will include

a credit to?
Business
1 answer:
Korolek [52]1 year ago
3 0

The entry to record the receipt of payment is  $2,590 in accounts receivable.

What is Trade discount?

Trade discounts, also known as functional discounts, are payments made to distribution channel participants in exchange for completing a task. Storage and shelf stocking are two examples of these tasks. Trade discounts are sometimes bundled to cover a variety of services. For instance, 20/12/5 may stand for 20% off for storing the merchandise, 12% more off for shipping, and 5% more off for keeping the shelves filled.

Terms 2/10, n/30 state that payments must be made within 10 days of the date of purchase to receive a 2% discount, and payments must be made in full within 30 days to avoid a discount.

To learn more about Trade discount click the given link

brainly.com/question/3967119

#SPJ4

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