The entry to record a payment on a $660 account within the 4% discount period would include a:

A) debit to Accounts Payable for $634.
B) debit to Accounts Payable for $660.
C) debit to Purchases for $634.
D) debit to Cash for $660.

Accounts Payable

The amounts a company owes because it purchased goods or services on credit from a supplier or vendor.

Discount Period

The time frame in which a payment can be made at a reduced rate, usually before a specified due date.