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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 $60,000 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 $60,000 of merchandise on credit, 3/10, n/30. On January 17, ABC made the payment of this purchase. What is the entry to record the payment on January 177 Debit Credit A. Merchandise Inventory $58,200 Cash $1,000 B. Cash $60,000 C. Accounts payable $60,000 D.Merchandise inventory $1,000 1 Cash $58,200
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