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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
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
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