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What the journal entry that jepson will make on september

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Problem 1: On September 12, Vander Company sold merchandise in the amount of $5,800 to Jepson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Jepson uses the periodic inventory system and the gross method of accounting for purchases. The journal entry that Jepson will make on September 12 is:

Multiple Choice

Option 1: Merchandise inventory5,800 Accounts payable 5,800

Option 2: Purchases5,800 Accounts receivable 5,800

Option 3: Accounts payable4,000 Merchandise inventory 4,000

Option 4: Purchases4,000 Accounts receivable 4,000

Option 5: Purchases5,800 Accounts payable 5,800

Reference no: EM132699868

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