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Dev Company purchased $3000 of merchandse on creat, terms 3/15 n/30 The entry to recond payment for the merchandise within the discount period under a
Dev Company purchased $3000 of merchandse on creat, terms 3/15 n/30 The entry to recond payment for the merchandise within the discount period under a perpetual mventory system would include a OA creat to swentory for 550) O debit in inventory for $1,940 OC debit to Accounts Payable for $1,040 OD credit to Purchase Discounts for 500 C
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