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Home Q & A Board Other Fields Homework Help Business Accounting
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harra harra
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6 years ago
Day Company purchased $3,000 of merchandise on credit, terms 3/15 n/30. The entry to record payment for the merchandise within the discount period under a periodic inventory system would include a:
A) debit to Inventory of $1,940.
B) debit to Accounts Payable of $1,940.
C) credit to Purchase Discounts of $90.
D) credit to Inventory of $90.
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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HanoiHanoi
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#1
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6 years ago
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harra Author
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6 years ago
Thank you, thank you, thank you!
2ne1_12345
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
sudenzia
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2 hours ago
Good timing, thanks!
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