A company purchased inventory for $2,200 on account,and recorded the following journal entry:

The vendor's invoice showed terms of 3/10,n/30.Give the journal entry for the payment of the invoice 17 days after the invoice date.

Question

A company purchased inventory for $2,200 on account,and recorded the following journal entry:
  
The vendor's invoice showed terms of 3/10,n/30.Give the journal entry for the payment of the invoice 17 days after the invoice date.

Quizplus · Accepted Answer

The Answer of A company purchased inventory for $2,200 on account,and recorded the following journal entry:
  
The vendor's invoice showed terms of 3/10,n/30.Give the journal entry for the payment of the invoice 17 days after the invoice date.

A Company Purchased Inventory for $2,200 on Account,and Recorded the Following