A company that uses the perpetual inventory system purchased inventory for $910,000 on account with terms of 4/7,n/20.Which of the following correctly records the payment made 15 days after the date of invoice?

Question

Quizplus · Accepted Answer

The Answer of A company that uses the perpetual inventory system purchased inventory for $910,000 on account with terms of 4/7,n/20.Which of the following correctly records the payment made 15 days after the date of invoice?

A Company That Uses the Perpetual Inventory System Purchased Inventory