Consider the following transactions for Z-Container Co.: April 4 Z-Container Co. buys $30,400 worth of merchandise from Can Makers Corp. on account with credit terms of 2/10, n/30. April 10 Z-Container Co. returns $4,800 of the merchandise to Can Makers Corp. What is the net amount of Accounts Receivable due if Z-Container Co. makes payment withing the discount period? $30,400 $25,088 $25,600 $29,792 Consider the following transactions for Grote's Shipping Materials: April 6 Grote's Shipping Materials buys $149,600 worth of merchandise inventory on account with credit terms of 3/10, n/30. Assuming Grote's Shipping Materials uses the periodic inventory system, which is the correct journal entry for this transaction? Accounts Payable $149,600 Debit Purchases $149,600 Credit Inventory $149,600 Debit Accounts Payable $149,600 Credit Purchases $149,600 Debit Accounts Payable $149,600 Credit Accounts Payable $149,600 Debit Inventory $149,600 Credit please give me a correct answer with good explanation step by step
Consider the following transactions for Z-Container Co.:
April 4 Z-Container Co. buys $30,400 worth of merchandise from Can Makers Corp. on account with credit terms of 2/10, n/30.
April 10 Z-Container Co. returns $4,800 of the merchandise to Can Makers Corp.
What is the net amount of
$30,400
$25,088
Consider the following transactions for Grote's Shipping Materials:
April 6 Grote's Shipping Materials buys $149,600 worth of merchandise inventory on account with credit terms of 3/10, n/30.
Assuming Grote's Shipping Materials uses the periodic inventory system, which is the correct
Accounts Payable $149,600 Debit
Purchases $149,600 Credit
Inventory $149,600 Debit
Accounts Payable $149,600 Credit
Purchases $149,600 Debit
Accounts Payable $149,600 Credit
Accounts Payable $149,600 Debit
Inventory $149,600 Credit
please give me a correct answer with good explanation step by step
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