Brooke's Company purchased $5,000 of merchandise with terms of 5/10,n/60 and paid the invoice within the discount period.Brooke uses the periodic and voucher systems.If Brooke's uses the net method of recording merchandise purchases,the $250 purchases discount is recorded in:
A)the voucher register.
B)the check register.
C)the general journal.
D)None of these answers is correct.

Question

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The Answer of Brooke's Company purchased $5,000 of merchandise with terms of 5/10,n/60 and paid the invoice within the discount period.Brooke uses the periodic and voucher systems.If Brooke's uses the net method of recording merchandise purchases,the $250 purchases discount is recorded in:
A)the voucher register.
B)the check register.
C)the general journal.
D)None of these answers is correct.

Brooke's Company Purchased $5,000 of Merchandise with Terms of 5/10,n/60