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Flag question Question 22 Not yet answered Points out of 2.50 Malone Food Cooperative uses the perpetual inventory system and the net method. On March
Flag question Question 22 Not yet answered Points out of 2.50 Malone Food Cooperative uses the perpetual inventory system and the net method. On March 1, it purchased $26,000 of inventory, terms 2/10,n/30. On March 3, Malone returned $4,000 of goods. On March 9, Malone paid the supplier in full. Which of the following is included in the March 9 journal entry? Select one: a. Debit Accounts Payable for 22,000. b. Credit inventory for $440. c. Credit Purchase Discounts for $440. d. Credit Cash for 21,560
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