A company purchased inventory for $2,200 on account,and recorded the following journal entry:
The vendor's invoice showed terms of 3/10,n/30.Give the journal entry for the payment of the invoice seventeen days after the invoice date.

Question

A company purchased inventory for $2,200 on account,and recorded the following journal entry:
  The vendor's invoice showed terms of 3/10,n/30.Give the journal entry for the payment of the invoice seventeen days after the invoice date.

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The Answer of A company purchased inventory for $2,200 on account,and recorded the following journal entry:
  The vendor's invoice showed terms of 3/10,n/30.Give the journal entry for the payment of the invoice seventeen days after the invoice date.

A Company Purchased Inventory for $2,200 on Account,and Recorded the Following