Question Completion Status: QUESTION 17 Farthington Soccer Supplies purchases merchandise from a supplier on credit, terms 2/10, n/30 for $15,300. Assume the company uses a perpetual inventory system, and records purchases using the gross method. When recording the purchase transaction in its purchases journal, Farthington would enter: $15,300 in the Accounts Payable Cr. column and $15,300 in the Supplies Dr.column. $15,300 in the Inventory Dr. column, $14,994 in the Accounts Payable Cr. column, and $306 in the Purchase Discount Cr. column, $15,300 in the Accounts Payable Cr. column and $15,300 in the Inventory Dr. column. $14,994 in the Inventory Dr. column and $14,994 in the Accounts Payable Cr. column. $15,300 in the Other Accounts Dr. column and $15,000 in the Inventory Cr. column. QUESTION 18 A remittance advice is a(n): Cancelled check Explanation for a payment by check. Bank statement. Internal voucher. Electronic funds transfer. QUESTION 19 3.2 po Off-the-shelf accounting software is not adequate to meet the needs of small businesses. OTrue False QUESTION 20 3.2 poin S All 4neers