Using the Gross Method,record the Payment of the Following Transaction

question 118

Multiple Choice

Using the gross method,record the payment of the following transaction in time to take the discount.Connect Company bought $5,000 of merchandise,terms 2/10,n/30,and uses the periodic inventory system:

• A)debit Cash $5,000;credit Vouchers Payable $5,000.
• B)debit Vouchers Payable $5,000;credit Cash $4,900;credit Purchases Discount $100.
• C)debit Vouchers Payable $4,900;credit Cash $4,900.
• D)debit Vouchers Payable $5,000;credit Cash $5,000.

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Definitions:

Empowerment

The process of giving individuals or groups more control over their lives or the situation they are in, often by delegating power or resources.

Job Rotation

involves periodically moving employees to different tasks or roles within an organization to promote skill development and reduce monotony.

Job Enlargement

The process of increasing the range and variety of tasks assigned to a job to enhance job satisfaction and employee engagement.

Clustering Jobs

The practice of grouping similar or related occupational roles or positions within an organization to improve efficiency and effectiveness.