Lamps Unlimited, a wholesaler, sold several crates of lighting for $1,500 on account to a customer with credit terms of 1/10, n/30. If the customer pays within the discount period, the journal entry to record the receipt of payment would include:
A. a debit to Accounts Receivable for $1,485.
B. a debit to Sales Discounts for $150.
C. a credit to Accounts Receivable for $1,500.
D. a credit to Sales Discounts for $15.
Answer: C
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