McIntyre Company made a purchase of merchandise on credit from Marvin Company on August 8 for $11000 terms 3/10 n/30. On August 17 McIntyre makes the appropriate payment to Marvin. The entry on August 17 for McIntyre Company is: d.
$\begin{array}{lrr}
\text { Accounts Payable} &11,000\
\text { Inventory} &&330\
\text {Cash } &&10,670
\end{array}$

Question

McIntyre Company made a purchase of merchandise on credit from Marvin Company on August 8 for $11000 terms 3/10 n/30. On August 17 McIntyre makes the appropriate payment to Marvin. The entry on August 17 for McIntyre Company is: d. 
$\begin{array}{lrr}
  \text {  Accounts Payable} &11,000\
 \text {  Inventory} &&330\
 \text {Cash  } &&10,670
\end{array}$

Quizplus · Accepted Answer

The Answer of McIntyre Company made a purchase of merchandise on credit from Marvin Company on August 8 for $11000 terms 3/10 n/30. On August 17 McIntyre makes the appropriate payment to Marvin. The entry on August 17 for McIntyre Company is: d. 
$\begin{array}{lrr}
  \text {  Accounts Payable} &11,000\
 \text {  Inventory} &&330\
 \text {Cash  } &&10,670
\end{array}$

McIntyre Company Made a Purchase of Merchandise on Credit from Marvin