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Home Q & A Board Other Fields Homework Help Business Accounting
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Kwami Kwami
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7 years ago
On August 7, AJ Construction purchased building materials for $10,000 on account, terms 2/10, net 30 days. The order shipped FOB shipping point, $150 freight included on the invoice. What is the journal entry to record payment of the invoice dated August 8 and paid on August 19?
A) Cash   9,800
   Raw materials inventory   9,800
B) Accounts payable   10,150
   Cash   10,150
C) Accounts payable   10,000
Freight expense   150
   Cash   9,950
   Raw materials inventory   200
D) Accounts payable   10,150
   Cash   9,950
   Raw materials inventory   200
Textbook 
Survey of Accounting: Making Sense of Business

Survey of Accounting: Making Sense of Business


Edition: 1st
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suryoyosuryoyo
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7 years ago
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Kwami Author
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#2
7 years ago
This really helped
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#3
7 years ago
Excellent, happy for you Smiling Face with Open Mouth
Thumbs up me, please!
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