Hunt Company enters all cash payments in the cash payments journal. On February 21, the company issued

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Hunt Company enters all cash payments in the cash payments journal. On February 21, the company issued Check No. 220 to Austin Company for merchandise purchased on January 29 for $6,000, terms 2/10, n/30. How would Hunt Company record this transaction in the cash payments journal? a. Debit Purchases for $6,000 and credit Cash for $6,000 b. Debit Accounts Payable for $6,000, credit Purchases Discounts for $120, and credit Cash for $5,880 c. Debit Accounts Payable for $6,000 and credit Cash for $6,000 d. Debit Accounts Payable for $5,880 and credit Cash for $5,880

Posted Date: May 19, 2024 01:18 AM

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Hunt Company enters all cash payments in the cash payments journal. On February 21, the company issued

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