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A company that uses the perpetual inventory system purchases inventory for 564,000 on account, with terms of 2/10, n/30. Which of the following is the
A company that uses the perpetual inventory system purchases inventory for 564,000 on account, with terms of 2/10, n/30. Which of the following is the journal entry to record the payment made within 10 days? Select one: A a debit to Merchandise Inventory for $1280, a debit to Accounts Payable for $64,000, and a credit to Cash for $65,280 B. a debit to Accounts Payable for $62,720, a debit to Merchandise Inventory for $1280, and a credit to Cash for $64,000 Ca debit to Accounts Payable for $64,000, a credit to Cash for $1280, and a credit to Merchandise Inventory for $62,720 D. a debit to Accounts Payable for $64,000, a credit to Merchandise Inventory for $1280, and a credit to Cash for $62,720 0
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