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Watson Electric Corp (WEC) receives 2/10, n/30 terms from their suppliers. WEC has a policy of taking the sales discount when possible. If WEC received
Watson Electric Corp (WEC) receives 2/10, n/30 terms from their suppliers. WEC has a policy of taking the sales discount when possible. If WEC received $200 dollars of supplies on January 1st and then paid for this order on January 31st, which of the following will be true? Group of answer choices WEC will increase its cost of goods sold by $4 on January 31st. WEC will increase its inventory by $200 on January 1st. WEC will decrease its inventory by $4 on January 31st WEC will decrease its cost of cost of goods sold by $4 on January 31st
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