On September 12,Ryan Company Sold Merchandise in the Amount of $5,800

question 132

Multiple Choice

On September 12,Ryan Company sold merchandise in the amount of $5,800 to Johnson Company,with credit terms of 2/10,n/30.The cost of the items sold is $4,000.
-Johnson uses the periodic inventory system and the net method of accounting for purchases.The journal entry that Johnson will make on September 12 is:

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Definitions:

Static

A keyword in programming that denotes a member of a class that belongs to the class itself rather than to any specific instance of the class.

Private Method

A function or method in a class that cannot be accessed directly from outside the class but can be called by other methods within the same class.

Legal Statement

A syntactically correct statement according to the rules of the programming language being used.

Static Data Members

Variables within a class that are shared by all instances of the class, holding the same value for each instance.