Avery Supplies uses the periodic inventory system. On February 1, Avery purchased inventory on account for $10,000. The terms of invoice were 3/10, n/30. The amount due was paid on February 9^th. Which of the following journal entries correctly records the payment in the books of Avery?

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The Answer of Avery Supplies uses the periodic inventory system. On February 1, Avery purchased inventory on account for $10,000. The terms of invoice were 3/10, n/30. The amount due was paid on February 9^th. Which of the following journal entries correctly records the payment in the books of Avery?

Avery Supplies Uses the Periodic Inventory System