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Avery IncUses the Periodic Inventory System

Question 151

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


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

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