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What the entry on august for mcintyre company is

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McIntyre Company made a purchase of merchandise on credit from Marvin Company on August 8, for $11,000, terms 3/10, n/30. On August 17, McIntyre makes the appropriate payment to Marvin. The entry on August 17 for McIntyre Company is:

Option a.

Accounts Payable...................................................................11,000

Cash...............................................................................11,000

Option b.

Accounts Payable...................................................................10,670

Cash...............................................................................10,670

Option c.

Accounts Payable...................................................................11,000

Purchase Returns and Allowances................................330

Cash...............................................................................10,670

Option d.

Accounts Payable...................................................................11,000

Inventory.......................................................................330

Cash...............................................................................10,670

Reference no: EM132809889

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