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Help Save & Eet Submit On May t. Anders Company purchased merchandise in the amount of $5,800 from Shiling, with credit terms of 2/10, 1/30.

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Help Save & Eet Submit On May t. Anders Company purchased merchandise in the amount of $5,800 from Shiling, with credit terms of 2/10, 1/30. Anders uses the perpetual inventory system and the gross method. The journal entry that Anders will make on May 1 Multiple Choice 5.80 Sales accounts receivable 5.800 5,800 Merchandise Inventory Accounts payabia 5.800 o A payable 5.800 3.800 Merchandise very Cash 5,600 5.00 Purchases hunts payable 5,800 On September 12, Vander Company sold merchandise in the amount of $5,800 to Jepson Company, with credit terms of 2/10, 1/30. The cost of the items sold is $4,000 Vander uses the periodic inventory system and the gross method of accounting for sales. Jepson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Vander makes on September 18 is: Multiple Choice 5,800 Cash hooounts receivable 3.000 4.000 Recounts receivable 4,000 Cash Sales discounts Recounts receivable 3,920 80 4.000 5,64 Mecounts receivable 5,684 Cash Bates discounts Accounts receivable 5,684 116 5,800

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