If merchandise for resale is purchased for $2,000, terms 2/10, n/30, the entry to record the purchase should be which of the following (assuming a periodic inventory system and the gross method)?
A) Choice A
B) Choice B
C) Choice C
D) Choice D

Question

If merchandise for resale is purchased for $2,000, terms 2/10, n/30, the entry to record the purchase should be which of the following (assuming a periodic inventory system and the gross method)? 
A) Choice A 
B) Choice B 
C) Choice C 
D) Choice D

Quizplus · Accepted Answer

The Answer of If merchandise for resale is purchased for $2,000, terms 2/10, n/30, the entry to record the purchase should be which of the following (assuming a periodic inventory system and the gross method)? 
A) Choice A 
B) Choice B 
C) Choice C 
D) Choice D

If Merchandise for Resale Is Purchased for $2,000, Terms 2/10