Solution-What the journal entry that Jepson will make on

What the journal entry that Jepson will make on September

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Question - 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. What the journal entry that Jepson will make on September 12?

a. Merchandise inventory 5,800 Accounts payable 5,800

b. Purchases 5,800 Accounts receivable 5,800

c. Accounts payable 4,000 Merchandise inventory 4,000

d. Purchases 4,000 Accounts receivable 4,000

e. Purchases 5,800 Accounts payable 5,800

Reference no: EM132713345

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What the journal entry that Jepson will make on September

Reference no: EM132713345

Reference no: EM132713345

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