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What the journal entry that Johnson will make on September

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Question - On September 12, Ryan Company sold merchandise in the amount of $5,800 to Johnson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Johnson uses the periodic inventory system and the net method of accounting for purchases. What the journal entry that Johnson will make on September 12?

a. Purchases5,800 Accounts payable 5,800

b. Merchandise inventory5,800 Accounts payable 5,800

c. Purchases5,684 Accounts payable 5,684

d. Merchandise inventory5,684 Accounts payable 5,684

e. Accounts payable4,000 Merchandise inventory 4,000

Reference no: EM132727654

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