Purchase of merchandise on account with credit terms.

a$.$ Merchandise is purchased on account, credit terms $\frac{2}{10},\frac{n}{30},$$$2,000.$

b$.$ Merchandise is purchased on account, credit terms $\frac{3}{10},\frac{n}{30},$$$1,220.$

c$.$ Payment is made on invoice $($a$)$ within the discount period.

d$.$ Payment is made on invoice $($b$)$ too late to receive the cash discount.

cash

Accounts Payable

Purchases