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52 Recording Purchases of Merchandise Cleveland Company purchased $2,700 of inventory on account from Pinto Industries on March 8th. The terms were 2/15, 1/45. Cleveland

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52 Recording Purchases of Merchandise Cleveland Company purchased $2,700 of inventory on account from Pinto Industries on March 8th. The terms were 2/15, 1/45. Cleveland also paid freight charges of $200 on March 9th and returned $450 of the inventory on March 13th, Journalize the entry to record the payment of the invoice on April 5th. The illustration represents a journal entry to record the payment of the invoice on April 5th. The first line represents a debit to the Accounts Payable account for $2.900. The second line is slightly indented and represents a credit to the Cash account for $2,691. The third line is directly below the second line and represents a credit to the Inventory account for 209. o the illustration represents a journal entry to record the payment of the invoice on April 5th. The first line represents a debit to the Accounts Payable account for $2,900. The second line is slightly Indented and represents a credit to the Cash account for $2,900 o the illustration represents a journal entry to record the payment of the invoice on April thi The first line represents a debit to the Accounts Payable account for $2,250. The second line is slightly indented and represents a credit to the Cash account for $2,205. The third line is directly below the second line and represents a credit to the Inventory account for 45. o luthe illustration represents a journal entry to record the payment of the invoice on April sth. The first line represents a debit to the Accounts Payable account for $2,250. The second line is slightly indented and represents a credit to the Cash account for $2.250 Save for Later Sun Arw

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