On February 12, Clare purchased $350 of merchandise on account from Larsen's Accessories, terms 2/10, n/30. The goods were shipped F.O.B. destination. The freight charge was $40. The amount to be recorded in the Accounts Payable Subsidiary ledger is

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The amount to be recorded in the Accounts Payable Subsidiary ledger is the amount of the purchase, which is $350. The freight charge is not included in the Accounts Payable balance since the goods were shipped F.O.B. destination. The discount terms are also not applicable since the invoice has not yet reached the discount period. Therefore, the answer is C.

On February 12, Clare Purchased $350 of Merchandise on Account