Episode Synopsis "Accounting equation: receipt from accounts receivable including discount"

Accounting equation:  receipt from accounts receivable including discount

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• Accounting equation: payment to accounts payable (no discount)
• Accounting equation: credit purchase of inventory
• Accounting equation: receipt from accounts receivable including discount
• Accounting equation: receipt from accounts receivable
• Accounting equation: credit sale
• Accounts Payable Statements
• Statements for Accounts Receivable
• Credit transactions and the reports
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• Paying an Accounts Payable with discount revenue
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• Documentation and credit purchases of inventory
• Buying inventory on credit: good for liquidity
• Accounts receivable are current assets
• Why is discount expense an expense?
• Receipt from Accounts Receivable including discount
• Recording a credit sale of inventory
• Documentation and credit sales
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• Why sell on credit?
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