On February 12,Clare purchased $400 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 recorded in the Accounts Payable Subsidiary ledger should be the amount of the merchandise purchased on account, which is $400. The freight charge is not included in this amount as it is a separate expense. The terms 2/10,n/30 mean that if paid within 10 days, a 2% discount can be taken, but payment is due within 30 days regardless. However, this information does not affect the amount recorded in the Accounts Payable Subsidiary ledger.

On February 12,Clare Purchased $400 of Merchandise on Account from Larsen's