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If an inventory item was purchased on account on Jun2 for $200 and term is 1/10,n/30, what will be the accounting entry if business made
If an inventory item was purchased on account on Jun2 for $200 and term is 1/10,n/30, what will be the accounting entry if business made the payment on Jun11: Select one OA Dr. Accounts Payable $200 Cr. Cash $198 and Inventory $2 B. Dr. Accounts Payable $200 Cr. Cash $200 OC. Dr. Cash $200 Cr. Accounts Payable $200 D. Dr. Cash $200 Cr. Sales $200
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