Discounts allowed of $160 for one month have been posted to the credit of the Discounts Received
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Discounts allowed of $160 for one month have been posted to the credit of the Discounts Received account. What effect has this had on the trial balance?
A. $160 too much credit
B. $160 too little debit
C. $160 too little debit and $160 too much credit
D. $320 too much credit
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