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A Company Purchased Inventory for $100,000 on Account and Recorded

Question 134

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A company purchased inventory for $100,000 on account and recorded it as follows:
A company purchased inventory for $100,000 on account and recorded it as follows: The vendor's invoice showed terms of 3/10,net 30.Give the journal entry for the payment of the invoice seven days after the invoice date,assuming that the vendor uses the perpetual inventory system.
The vendor's invoice showed terms of 3/10,net 30.Give the journal entry for the payment of the invoice seven days after the invoice date,assuming that the vendor uses the perpetual inventory system.

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