Avery Company uses the periodic inventory system.On February 1,the corporation purchased inventory on account for $10,000.The terms of invoice were 5/10,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 Company?

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The Answer of Avery Company uses the periodic inventory system.On February 1,the corporation purchased inventory on account for $10,000.The terms of invoice were 5/10,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 Company?

Avery Company Uses the Periodic Inventory System