Abdulla Co. purchased $2,600 of merchandise from Adel Co. on April 10 with terms 2/10, n/30. On April 27, it returned $300 worth of merchandise. On May 6, it paid the full amount due to Adel Co. The journal entry to record the purchase on April 10 is: O A. O B. Dr. Merchandise Inventory $2,600: Cr. Accounts Payable $2,600 Dr. Merchandise Inventory $2,600; Cr. Sales Returns $300; credit Cash $2,300 Dr. Accounts Payable $2,600: Cr. Merchandise Inventory $2,600 Dr. Merchandise Inventory $2,300; Cr. Cash $2,300 Oc. OD. Activate Windows Question 15 of 18 Go to Settings to activate Windo A Moving to another question will save this response.

Abdulla Co. purchased $2,600 of merchandise from Adel Co. on April 10 with terms 2/10, n/30. On April 27, it returned $300 worth of merchandise. On May 6, it paid the full amount due to Adel Co. The journal entry to record the purchase on April 10 is: O A. O B. Dr. Merchandise Inventory $2,600: Cr. Accounts Payable $2,600 Dr. Merchandise Inventory $2,600; Cr. Sales Returns $300; credit Cash $2,300 Dr. Accounts Payable $2,600: Cr. Merchandise Inventory $2,600 Dr. Merchandise Inventory $2,300; Cr. Cash $2,300 Oc. OD. Activate Windows Question 15 of 18 Go to Settings to activate Windo A Moving to another question will save this response.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Prepare journal entries 1,2,3,&4 please and thank you.
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