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Are purchase discounts always debits? ​

Sagot :

Answer:

This method is used less often and only if the company has the resources to always pay within the discount period.)

.. [If the company fails to pay the invoice within the discount period, the payment will be a debit of $27,720 to Accounts Payable, a debit of $280 to Purchase Discounts, a credit to Cash for $28,000.

Explanation:

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