QUESTION (i)\ ANSWER\ ACB Manufacturing purchased

$3,000

of inventory on credit terms

(2)/(10),(n)/(30)

.\ What would be the journal entry for the purchase of inventory on account using the perpetual inventory system?\ \\\\table[[Date,Accounts,Debit,Credit],[,\\\\table[[Inventory],[Accounts Payable]],3,000,]]\ \\\\table[[Date,Accounts,Debit,Credit],[,Inventory,2,940,],[,Cash,,2,940]]\ \\\\table[[Date,Accounts,Debit,Credit],[,Accounts Payable,2,940,],[,Inventory,,2,940]]\ \\\\table[[Date,Accounts,Debit,Credit],[,Inventory,3,000,],[,Accounts Receivable,,3,000]]

QUESTION (i) ANSWER ACB Manufacturing purchased $3,000 of inventory on credit terms 2/10,n/30. What would be the journal entry for the purchase of inventory on account using the perpetual inventory system