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Home Q & A Board Other Fields Homework Help Business Accounting
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upton upton
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7 years ago
The company uses the periodic inventory system and the voucher system. If the net method is applied, the purchase of $3,000 of merchandise with terms 2/10, n/30 is recorded by:
A) debit Cash $3,000; credit Accounts Payable $3,000.
B) debit Accounts Payable $3,000; credit Purchases $3,000.
C) debit Purchases $2,940; credit Vouchers Payable $2,940.
D) debit Purchases $3,000; credit Accounts Payable $3,000.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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LaffioLaffio
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upton Author
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7 years ago
Brilliant ツ
logbi
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This helped my grade so much Perfect
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this is exactly what I needed
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