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LIUI McIntyre Company made a purchase of merchandise on credit from Marvin Company on August 8, for $9,000, terms 3/10, 130. On August 17, Melintyre

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LIUI McIntyre Company made a purchase of merchandise on credit from Marvin Company on August 8, for $9,000, terms 3/10, 130. On August 17, Melintyre makes the appropriate payment to Marvin. The entry on August 17 for McIntyre Company is: Accounts Payable 9,000 Cash 9,000 Accounts Payable 8,730 Cash 8,730 Accounts Payable 9,000 Purchase Returns and Allowances 270 Cash 8.730 Accounts Payable 9,000 Inventory 270 Od Cash 8,730

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