The Entry to Record a Purchase of $5,000 on Account,terms

question 22

Multiple Choice

The entry to record a purchase of $5,000 on account,terms of 2/10,n/30,would include a:

• A)debit to Purchases Discount for $100.
• B)credit to Accounts Payable for $5,000.
• C)debit to Accounts Payable for $5,000.
• D)credit to Cash for $5,000.

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Definitions:

Composite Volcano

A type of volcano built by the eruption of both lava flows and explosive material, resulting in a layered or composite structure, often found at convergent plate boundaries.

Volcanic Cinders

Small, porous fragments of lava that solidify before hitting the ground, typically ejected during explosive volcanic eruptions and forming cinder cones.

Scoria Cone

A small, steep-sided volcanic cone built from highly vesicular basaltic lava fragments.

Shield Volcano

A type of volcano with broad, gently sloping sides, formed by the eruption of highly fluid lava.