Cash purchases are generally recorded in the:

A) sales journal.

B) cash receipts journal.

C) cash payments journal.

D) purchases journal.

A cash payments journal is a special journal used to record:

A) only the cash payments by currency.

B) the net of the cash payments and cash receipts by currency.

C) cash payments by check and currency.

D) the net of cash payments and cash receipts by check and currency.

Cash disbursement journals are also known as:

A) sales journals.

B) purchases journals.

C) cash receipt journals.

D) cash payments journals.

Merchandise with an invoice price of $4,000 is purchased on June 2 subject to terms of 2/10, n/30, FOB destination. Transportation costs paid by the seller totaled $150. What is the cost of the merchandise if paid on June 12, assuming the discount is taken?

a.	$4,150
b.	$4,070
c.	$4,067
d.	$3,920