Inventoriable goods were purchased on 5/4/x1, terms-2/10, net 30, for $10,000. Using the perpertual inventory method, the journal entry to record the payment dated 5/15/xl would be O a) A/P b) A/P c) A/P 10,000 Inventory 200 Cash 9800 10,000 Cash 10,000 10,000 Pur Return 200 Cash 9800 d) None of the above.

Inventoriable goods were purchased on 5/4/x1, terms-2/10, net 30, for $10,000. Using the perpertual inventory method, the journal entry to record the payment dated 5/15/xl would be O a) A/P b) A/P c) A/P 10,000 Inventory 200 Cash 9800 10,000 Cash 10,000 10,000 Pur Return 200 Cash 9800 d) None of the above.

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter6: Inventories

Section: Chapter Questions

Problem 4BE: Beginning inventory, purchases, and sales for WCS12 are as follows: Assuming a perpetual inventory...

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