A Company That Uses the Perpetual Inventory System Purchases Inventory

question 257

Multiple Choice

A company that uses the perpetual inventory system purchases inventory for $64,000 on account,with terms of 2/10,n/30.Which of the following is the journal entry to record the payment made within 10 days?

• A) a debit to Accounts Payable for $64,000, a credit to Cash for $1,280, and a credit to Merchandise Inventory for $62,720
• B) a debit to Accounts Payable for $64,000, a credit to Merchandise Inventory for $1,280, and a credit to Cash for $62,720
• C) a debit to Merchandise Inventory for $1,280, a debit to Accounts Payable for $64,000, and a credit to Cash for $65,280
• D) a debit to Accounts Payable for $62,720, a debit to Merchandise Inventory for $1,280, and a credit to Cash for $64,000

Comprehend the functions of different hormones and neurotransmitters.

Recognize neural networks and their importance in processing sensory information and facilitating motor control.

Understand the impact of the nervous system on physiological responses to stress and environmental changes.

Learn about the body's homeostasis maintenance through the interactions of the nervous system.

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Definitions:

Kelly's 11 Constructs

A reference to the 11 core constructs outlined by psychologist George Kelly to categorize an individual's personal system of viewing the world, part of his theory of personality.

Erikson's 8 Lifespan Phases

A psychoanalytic theory proposed by Erik Erikson that outlines eight stages of psychosocial development, each characterized by a central conflict that individuals must resolve to develop a healthy personality.

Cognitive Psychology

A branch of psychology focused on the study of mental processes such as perception, memory, thought, and problem-solving.

Role Construct Repertory Test

A psychological test developed by George Kelly to examine the systems of personal constructs with which an individual interprets experiences.