Downloads X G gautghmath X C E5-3 Suppc X Final Exam X Search Rest X Content X Word | Micr X Withdrawal x Word | Micr X Q Accounting x + -) C mylab.pearson.com/Student/PlayerTest.aspx?testld=248659033 * IM Update : M Gmail YouTube Maps Principles of Accounting _ACCT1036_Tue_12pm Midori Kondo 04/18/23 11:08 AM E Test: Final Exam Question 8 of 15 This test: 15 point(s) possible This question: 1 point(s) possible Submit test Suppose Super Sports uses the perpetual inventory system and purchases $700,000 of sporting goods on account from Adidas on April 10, 2023. Credit terms are 2/10, net 30. Super Sports pays Question list K electronically on April 20, 2023, and Adidas receives the money the same day. Journalize Super Sports's (a) purchase and (b) cash payment transactions. What was Super Sports's net cost of this inventory? O Question 3 a. Journalize Super Sports's purchase transaction. (Record debits first, then credits. Exclude explanations from journal entries.) Question 4 Date Accounts Debit Credit April 10 Inventory 700000 Question 5 Accounts Payable 700000 Question 6 b. Journalize Super Sports's payment transaction. (Round final answers to the nearest whole dollar.) Date Accounts Debit Credit Question 7 April 20 Accounts Payable 700000 Inventory O Question 8 Cash O Question 9 What was Super Sports's net cost of this inventory? O Question 10 Time Remaining: 02:29:49 Next