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In perpetual inventory system we learned from class, if an inventory item was purchased from Alpha Inc. on account on Aug5 for $360 and term
In perpetual inventory system we learned from class, if an inventory item was purchased from Alpha Inc. on account on Aug5 for $360 and term is 1/10, n/30, what will be the accounting entry if the business made the payment on Aug8. O A. Dr. Alpha Inc. 360, Cr Cash 360 O B. Dr. Accounts Payable -Alpha Inc 360, Cr. Cash 356.40 and Inventory 3.6 OC. Dr. Alpha Inc. 360 Cr. Cash 356.40 and Inventory 3.6 OD. Dr. Accounts Payable- Alpha Inc. 360, Cr. Cash 360 and Inventory 3.6
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