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Does anyone know how to show a discount in the General Journal?

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Does anyone know how to show a discount in the General Journal?

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  1. If it's a discount for purchases you made on account,

    Dr  Accounts payable x*x

    Cr  Merchandize inventory x*x

    If it's a discount for sales you made on account,

    Dr  Sales returns & allowances x*x

    Cr  Accounts receivable x*x

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