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Donner Corp. sold goods costing $5,000 to Blitzen Corp. on account with terms of 2/10, net/30. If costing litzen uses the periodic method to account
Donner Corp. sold goods costing $5,000 to Blitzen Corp. on account with terms of 2/10, net/30. If costing litzen uses the periodic method to account for its inventory, Blitzen's jounal entry to payment during the discount period would include: a) a debit to Accounts Payable of $4,900 n's journal entry to record ) a credit to Inventory of $100 c) a debit to Cash $4,900 d) a credit to Purchase Discounts of $100 Marshell Company has cash in a bank account of $15,000, cash in a separate account that is legally restricted for pension plan distributions of $4,000, and a 10-day Treasury Bill in the amoun: of 152,000. Marshell should report Cash of: $13,000. $15,000. ) $19,000. )$21.000
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