Bowen Williams
11/16/2024 · High School

18. Will has received an invoice from a supplier which shows trade discount of \( \$ 200 \). How should Will account for this \( \$ \mathbf{2 0 0} \) ? \( \begin{array}{ll}\text { Ignore it } \\ \text { Deduct it from purchases } \\ \text { Credit to discounts received }\end{array} \)

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Will should credit the "Discounts Received" account for the $200 trade discount.

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