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Fast2F Fast2F
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7 years ago
Brooke Company purchased $8,000 of merchandise with terms of 2/10, n/60 and paid the invoice within the discount period. The company uses the periodic inventory method and the voucher system. If Brooke's uses the net method of recording merchandise purchases, the $160 purchases discount is:
A) recorded in the check register.
B) recorded in the general journal.
C) not recorded unless the discount is lost after the discount date.
D) recorded in the voucher register.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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OmpaOmpa
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7 years ago
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