Avery Supplies Uses a Periodic Inventory System $$\begin{array} { | l | r | r | } \hline \text { Purchases } & 10,000 & \\\hline \text { Accounts payable } & & 10,000 \\\hline\end{array}$$

question 4

Multiple Choice

Avery Supplies uses a periodic inventory system.Avery purchased $10,000 of inventory on account.The terms were 3/10,n/30.The purchase was made on February 1.
-Which of the following journal entries properly records this transaction?

• A) \[\begin{array} { | l | r | r | }
• \hline \text { Purchases } & 10,000 & \\
• \hline \text { Accounts payable } & & 10,000 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | l | r | r | }
• \hline \text { Accounts payable } & 10,000 & \\
• \hline \text { Purchases } & & 10,000 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l | r | r | }
• \hline \text { Inventory } & 10,000 & \\
• \hline \text { Accounts payable } & & 10,000 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | l | r | r | }
• \hline \text { Inventory } & 10,000 & \\
• \hline \text { Cash } & & 10,000 \\
• \hline
• \end{array}\]

---

Definitions:

Body Sensations

The physical feelings or perceptions resulting from the condition or state of the body.

Panic Disorder

A type of anxiety disorder characterized by sudden and repeated attacks of intense fear and discomfort.

Compulsion

A repetitive and rigid behavior or mental act that persons feel driven to perform in order to prevent or reduce anxiety.

Repetitive Behavior

Actions repeated over and over again, which can be a symptom of several disorders, including OCD and autism spectrum disorders.