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.Prepare the journal entry for the purchaser for the payment of the invoice 17 days after the invoice date.Omit explanation.

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.Prepare the journal entry for the purchaser for the payment of the invoice 17 days after the invoice date.Omit explanation.

Quizplus · Accepted Answer

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.Prepare the journal entry for the purchaser for the payment of the invoice 17 days after the invoice date.Omit explanation.

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