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Green Company purchased $3,600 of merchandise on account, terms 2/10 n/30. If payment was made after the expiration of the discount period and a perpetual
Green Company purchased $3,600 of merchandise on account, terms 2/10 n/30. If payment was made after the expiration of the discount period and a perpetual inventory system is used the entry to record the payment would include a OA credit to Cash of $3.528 O to Cash of $3.600 OC. out to Inventory of $3,000 OD debit to Accounts Payable of $3.528 CID Send a chat
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