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Oriole Corporation purchases $1700 of merchandise on account from Enterprise Company, terms 2/10, n/30. Oriole and Enterprise both use periodic inventory systems. Orioles entry record

Oriole Corporation purchases $1700 of merchandise on account from Enterprise Company, terms 2/10, n/30. Oriole and Enterprise both use periodic inventory systems. Orioles entry record this transaction is:

Accounts Payable	1700
Purchases		1700

Inventory	1700
Accounts Payable		1700

Accounts Payable	1700
Inventory		1700

Purchases	1700
Accounts Payable		1700

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