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Knowledge Check 02 A buyer uses a periodic Inventory system, and it purchases $4,000 of merchandise on credit terms of 2/10, n/30 on December 5.
Knowledge Check 02 A buyer uses a periodic Inventory system, and it purchases $4,000 of merchandise on credit terms of 2/10, n/30 on December 5. On December 15, It pays the invoice in full. Prepare the buyer's necessary journal entry for payment by selecting the Account Names and dollar amounts from the drop-down menus. The order of the account names in the journal entry must match the illustration set forth in this module. Date Account Title Debit Credit Dec. 15 select select select select select select select select select Submit answer & continue
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