OK.. i.m using a cash reciepts journal.. and the transaction is... "recieved cash on account from wayne miller for chairs purchased may 25on s147 for $157.50, less discount (2%)." OK.. i.m so confused.. where does everything go?? Please help..

Let's try using spaces and proper grammar, shall we?

If someone owes you 100 bucks but get a 2% discount if they pay early, then they only have to pay you 98 bucks.

What do YOU think is the answer?

154.35