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Match each of the debit/credit side of the general journal with the correct entry. On January 9, ABC Company purchased $40,000 of merchandise on credit,
Match each of the debit/credit side of the general journal with the correct entry. On January 9, ABC Company purchased $40,000 of merchandise on credit, 2/10, n/30. On January 17, ABC made the payment of this purchase. What is the entry to record the payment on Jamary 1 B. Debit A Credit A. Merchandise Inventory $800 Cash $39,200 B. Accounts payable 540,000 C. Cash 540,000 D. Merchandise inventory 539.200 Cash 5000
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