1. Qingqing Company purchase from Beta Company inventory of $10,000 on Janua 1 under terms of...
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1. Qingqing Company purchase from Beta Company inventory of $10,000 on Janua 1 under terms of 2/10, n/30. Qingqing Company paid on January 9. Which of th following belongs to the correct journal entry on January 9, assume the compar uses a perpetual inventory system. A. Debit Cash B. Debit Purchase discount C. Credit inventory D. None of the above. 1. Qingqing Company purchase from Beta Company inventory of $10,000 on Janua 1 under terms of 2/10, n/30. Qingqing Company paid on January 9. Which of th following belongs to the correct journal entry on January 9, assume the compar uses a perpetual inventory system. A. Debit Cash B. Debit Purchase discount C. Credit inventory D. None of the above.
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