Question: On March 1 5 , 2 0 2 2 , Ryan Company purchased $ 1 1 , 7 0 0 of merchandise on credit subject

On March 15,2022, Ryan Company purchased $11,700 of merchandise on credit subject to terms of 410,n30. Ryan Company records
its purchases using the gross amount.
Which of the following journal entries is correct when Ryan Company pays for these goods on March 30,2022?
Multiple Choice
On March 15,2022, Ryan Company purchased $11,700 of merchandise on credit

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