Question: please solve all 3 Question 17 Using the periodic method, what is the journal entry to record the purchase of $2,000 of merchandise inventory on


Question 17 Using the periodic method, what is the journal entry to record the purchase of $2,000 of merchandise inventory on account? A. Dr. Purchases 2,000 Cr. Cash 2,000 B. Dr. Cash 2,000 Cr. Purchases 2,000 C. Dr. Purchases 2,000 Cr, Accounts Receivable 2,000 D. Dr. Merchandise Inventory 2,000 Cr. Accounts Payable 2,000 E. None of the above Question 14 What is the journal entry to record a total sale of 6000 on account with a 400 sales discount? A. Dr. Accounts Payable 6000 Cr. Sales Revenue 6000 B. Dr. Accounts Receivable 5600 Cr. Sales Revenue 5600 O C. Dr. Accounts Payable 5600 Cr. Sales Revenue 5600 D. Dr. Sales Revenue 5600 Cr. Accounts Receivable 5600 E. None of the above Remaining Time: 40 minutes, 31 seconds Question Completion Status Moving to the next question prevents changes to this answer Question 13 Question 13 5 points SO in the income statement for a merchandising company thenet purchases are 5.000. the purchase decontare 10000 and the purchase returned on how muce A. 600,000 B.500.000 C.400,000 D:300,000 None of the above MacBook Air 30 28 go DO 3: : :
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
