Business, 17.06.2021 02:20 gunaranjan09

A buyer uses a periodic inventory system, and it purchases $4,000 of merchandise on credit terms of 2/10, n/30 on December 5. On December 15, it pays the invoice in full. Prepare the buyer's necessary journal entry for payment by selecting the account names from the drop-down menus and entering dollar amounts in the Debit and Credit columns.

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A buyer uses a periodic inventory system, and it purchases $4,000 of merchandise on credit terms of...

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