A business receives a cheque from a customer for payment of an invoice. The invoice was for goods with a list price of $240. The business granted the customer a trade discount of 10% and a settlement discount of 5%, which was taken by the customer. What amount should the business record in the bank column in the cash book for this receipt? a. $240.00 b. $205.20 c. $216.00 d. $228.00
