Question: For a company using a perpetual inventory system, the journal entry to record the purchase of $4000 of goods on account, with terms of 3/10,

For a company using a perpetual inventory system, the journal entry to record the purchase of $4000 of goods on account, with terms of 3/10, n/30, would include a OOO O debit to Inventory of $4000. credit to Accounts Payable of $3880. debit to Accounts Payable of $4000. debit to Inventory-of $3880.

For a company using a perpetual inventory system, the journal entry to record the purchase of $4000 of goods on account, with terms of 3/10,n/30, would include a debit to Inventory of $4000. credit to Accounts Payable of $3880. debit to Accounts Payable of $4000. debit to inventory of $3880

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