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ABC Company negotiated the purchase of $5,000 in goods from XYZ, Inc with a note payable in 60 days, face of $5,100. The correct journal

ABC Company negotiated the purchase of $5,000 in goods from XYZ, Inc with a note payable in 60 days, face of $5,100. The correct journal entry for issuance is:

Question 17 options:

a)

Inventory 5,000

A/P 5,000

b)

Inventory 5,000

Notes Payable 5,000

c)

Inventory 5,000

Discount 100

Notes Payable 5,100

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