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After working through this problem, the answer I get is: Accounts Payable $29,400 (($30,000 - 2% discount) ) Inventory $21,000 Cash $29,400 Am I wrong? Is the correct option is not provided in the given answers? Entity A (seller)uses a perpetual inventory system. On March 10 , Entity B (buyer)purchased merchandise from Entity A for $30,000, terms 2/10, net 30. Unknown to Entity B, the merchandise cost Entity A $21,000. Entity B'sentry record this transaction is:.

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After working through this problem, the answer I get is: Accounts Payable $29,400 (($30,000 - 2% discount) ) Inventory $21,000 Cash $29,400 Am I wrong? Is the correct option is not provided in the given answers? Entity A (seller)uses a perpetual inventory system. On March 10 , Entity B (buyer)purchased merchandise from Entity A for $30,000, terms 2/10, net 30. Unknown to Entity B, the merchandise cost Entity A $21,000. Entity B'sentry record this transaction is:

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  • 1. After working through this problem, the answer I get is: Accounts Payable $29,400 (($30,000 - 2% discount) ) Inventory $21,000 Cash $29,400 Am I wrong? Is the correct option is not provided in the given answers? Entity A (seller)uses a perpetual inventory system. On March 10 , Entity B (buyer)purchased merchandise from Entity A for $30,000, terms 2/10, net 30. Unknown to Entity B, the merchandise cost Entity A $21,000. Entity B'sentry record this transaction is: