A Company Purchased $6,000 of Merchandise on Credit with Terms

question 25

Multiple Choice

A company purchased $6,000 of merchandise on credit with terms 4/15,n/30.How much will be debited to Accounts Payable if the company pays $800 cash on this account within ten days?

• A)$833.33
• B)$800
• C)Nothing will debited to Accounts Payable,the account should be credited in this situation
• D)$5,760
• E)$5,333.33

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Definitions:

Atomic Bomb

A weapon of mass destruction that releases energy through nuclear reactions, either fission or a combination of fission and fusion.

Japan

An island nation in East Asia, known for its rich cultural heritage, advanced technology, and significant economic power.

American Economy

The American economy refers to the economic system of the United States, characterized by diverse industries, advanced technology, and a high level of consumption.

Internment

The detention or confinement of people, often in large groups, without trial, especially during wartime; historically applied to the forced relocation and confinement of Japanese Americans during World War II in the United States.