Merchandise with an Invoice Price of $2,000 Was Purchased on February

question 12

Multiple Choice

Merchandise with an invoice price of $2,000 was purchased on February 3,terms 2/15,n/60.The company uses the net method to record purchases.The entry to record the cash payment of this purchase obligation on February 27 is:

• A)Debit Accounts Payable $1,960;credit Cash $1,960.
• B)Debit Accounts Payable $2,000;credit Cash $2,000.
• C)Debit Accounts Payable $1,960;debit Discounts Lost $40;credit Cash $2,000.
• D)Debit Accounts Payable $2,000;credit Merchandise Inventory $40;credit Cash $1,960.
• E)Debit Accounts Payable $2,000;credit Discounts Lost $40;credit Cash $1,960.

---

Definitions:

Meta-analysis

A statistical analysis that combines the results of multiple scientific studies to arrive at a conclusion that has greater statistical power.

Psychotherapy Outcome

The result or impact of psychotherapy, often evaluated in terms of improvements in patient well-being, symptom reduction, and functional changes.

Statistical Digest

A compiled summary of statistical data and analyses, often used to inform on trends, patterns, and insights within a specific dataset.

Psychotherapy Effectiveness

The measure of how well psychotherapy helps individuals understand their feelings, thoughts, and behaviors to improve their mental well-being and life functioning.