Mathematics
Mathematics, 17.11.2020 07:00, santosbeti90

1. ABC Corporation pays an invoice for $350 in time to receive a 3% discount. The journal entry for the payment of this invoice is debit Accounts Payable O A. $340, debit Inventory $10, and credit Cash for $350.
O B. $350, credit Inventory $10.50, and credit Cash for $339.50.
O C. $350 and credit Cash $350.
O D. $340 and credit Cash $340

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Answers: 2

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1. ABC Corporation pays an invoice for $350 in time to receive a 3% discount. The journal entry for...

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