Martin Corporation used the gross method of recording purchases.A purchase of $5,600,3/10,n30 would be recorded as:
A)debit Purchases $5,600; credit Accounts Payable $5,600.
B)debit Purchases $5,600; credit Vouchers Payable $5,600.
C)debit Purchases $5,432; credit Accounts Payable $5,432.
D)debit Purchases $5,432; credit Vouchers Payable $5,432.

Question

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The Answer of Martin Corporation used the gross method of recording purchases.A purchase of $5,600,3/10,n30 would be recorded as:
A)debit Purchases $5,600; credit Accounts Payable $5,600.
B)debit Purchases $5,600; credit Vouchers Payable $5,600.
C)debit Purchases $5,432; credit Accounts Payable $5,432.
D)debit Purchases $5,432; credit Vouchers Payable $5,432.

Martin Corporation Used the Gross Method of Recording Purchases