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Posted on Aug 11, 2024

On March 1 5 , 2 0 2 2 , Ryan Company purchased $ 1 1 , 7 0 0 of merchandise on credit subject

On March

15, 2022,

Ryan Company purchased $

11, 700

of merchandise on credit subject to terms of

\frac{4}{10}, \frac{n}{30} .

Ryan Company records

its purchases using the gross amount.

Which of the following journal entries is correct when Ryan Company pays for these goods on March

30, 2022 ?

Multiple Choice

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