Question
D Question 29 On February 2, ABC purchased $6,500 of merchandise inventory on account, terms 3/10,n/30. Select the option that best represents how ABC
D Question 29 On February 2, ABC purchased $6,500 of merchandise inventory on account, terms 3/10,n/30. Select the option that best represents how ABC would record payment of the account if paid on February 10. Account Accounts Payable Option A Sales Discounts Cash DR CR 6,500 195 6,305 Account DR CR Option B Accounts Payable 6,500 Inventory Cash 195 6,305 Account DR CR Option C Accounts Payable 6,500 Cash 6500 Account DR CR 6,500 Inventory Option D Accounts Payable Option E None of the Above O Option A 6500
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