A Company Purchased Inventory for $4,000 from a Vendor on Account,FOB

question 145

Multiple Choice

A company purchased inventory for $4,000 from a vendor on account,FOB shipping point,with terms of 2/15,n/30.The company paid $200 cash for freight in.The entry to record the payment of the invoice within 15 days of the invoice date by the purchaser would include ________.(Assume a perpetual inventory system.)

• A) a debit to Accounts Payable for $3,920 and a credit to Cash for $3,920
• B) a debit to Accounts Payable for $4,000, a credit to Merchandise Inventory for $200, and a credit to Cash for $3,800
• C) a debit to Accounts Payable for $4,000, a credit to Merchandise Inventory for $80, and a credit to Cash for $3,920
• D) a debit to Accounts Payable for $3,920, a debit to Merchandise Inventory for $80, and a credit to Cash for $4,000

Differentiate between passionate and companionate love within relationships.

Identify the distinction between sexual orientation and gender identity.

Examine patterns and factors influencing marital satisfaction.

Recognize gender differences in behavior and socialization from birth.

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Definitions:

Marital Satisfaction

The subjective measure of happiness or contentment within a marriage or long-term partnership.

Husbands And Wives

Partners in a marital relationship, often associated with social, legal, or personal commitments to each other.

Teen Years

A period in human development that occurs between childhood and adulthood, typically ranging from ages 13 to 19.

Contact With Peers

Interactions and relationships with individuals of similar age or status, which are important for social development and emotional support.