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Alpha purchased inventory on credit for $3,000 with terms 2/10, n30. Alpha uses the periodic inventory system. Within 8 days of the purchase, Alpha
Alpha purchased inventory on credit for $3,000 with terms 2/10, n30. Alpha uses the periodic inventory system. Within 8 days of the purchase, Alpha paid the full amount required. As described in class, what journal entry should Alpha make to record the total transaction in which Alpha paid for the inventory? O Debit Accounts Payable 3,000 and credit Cash 3,000 O The correct answer is not listed. Debit Accounts Payable 2,940 and credit Cash 2,940 Debit Accounts Payable 3,000, credit Purchase Discounts 60, and credit Cash 2,940 O Debit Accounts Payable 2,940, debit Purchase Discounts 60, and credit Cash 3,000
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