QUESTION 5 ABC Co. purchases merchandise inventory for $500 under credit terms 2/10, n/30. Which of...

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QUESTION 5 ABC Co. purchases merchandise inventory for $500 under credit terms 2/10, n/30. Which of the following would be credited in the journal entry to record this purchase? O a. Merchandise Inventory $500 O b. Accounts Payable $500 Oc. Merchandise Inventory $490 Od. Accounts Payable $490 QUESTION 5 ABC Co. purchases merchandise inventory for $500 under credit terms 2/10, n/30. Which of the following would be credited in the journal entry to record this purchase? O a. Merchandise Inventory $500 O b. Accounts Payable $500 Oc. Merchandise Inventory $490 Od. Accounts Payable $490