Question Content Area

Travis Company purchased merchandise on account from a supplier for $8,600, terms 2/10, net 30. Travis Company paid for the merchandise within the discount period.

Under a perpetual inventory system, journalize these transactions. If an amount box does not require an entry, leave it blank.

a.Accounts PayableAccounts ReceivableCashCost of Merchandise SoldMerchandise Inventory- Select -- Select - Accounts PayableAccounts ReceivableCashCost of Merchandise SoldMerchandise Inventory- Select -- Select -b.Accounts PayableAccounts ReceivableCashCost of Merchandise SoldMerchandise Inventory- Select -- Select - Accounts PayableAccounts ReceivableCashCost of Merchandise SoldMerchandise Inventory- Select -- Select