Multiple Choice
David Company uses the gross method to record its credit purchases,and it uses the periodic inventory system.On July 21,20D,the company purchased goods that had an invoice price of $3,000 with terms of 3/10,n/30.If payment in full is made on July 30,the journal entries to record the purchase and payment should be which of the following?
A) Entry A
B) Entry B
C) Entry C
D) Entry D
Correct Answer:
Verified
Correct Answer:
Verified
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