Given the Following Accounts

question 107

Short Answer

Given the following accounts:
[1] Cash
[2] Accounts receivable
[3] Merchandise inventory
[4] Supplies
[5] Accounts payable
[6] Sales
[7] Sales returns and allowances
[8] Sales discounts
[9] Cost of goods sold
[10] Purchases
[11] Purchase returns and allowances
[12] Purchase discounts
[13] Freight-in
Indicate the account(s) to be debited and credited to record the following transactions.
-Purchased merchandise with credit terms of 2/10,n/30.- Periodic
Debit ________ & ________ Credit ________ & ________

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Definitions:

Central Nervous System

The complex of nerve tissues that controls the activities of the body. In vertebrates, it comprises the brain and spinal cord.

Suppressing Activity

Activities or actions taken to stop or reduce a process or function, often used in a biological or mechanical context.

Vasopressor

A type of medication that constricts (narrows) blood vessels, leading to an increase in blood pressure.

Smooth Muscles

Involuntary muscles found in the walls of internal organs such as the stomach, intestines, and blood vessels, responsible for contractions and movements within those organs.