The Entry to Record a Purchase of $6,000 in Merchandise

question 42

Multiple Choice

The entry to record a purchase of $6,000 in merchandise assuming terms of 2/10, n/30 and a periodic inventory system would include a(n)

• A) increase to Accounts Payable for $6,000.
• B) increase to Purchases Discounts for $120.
• C) decrease to Purchases for $6,000.
• D) decrease to Accounts Payable for $5,880.

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Definitions:

Semispinalis Capitis

is a muscle of the back located beneath the trapezius, playing a key role in extending, rotating, and bending the head backwards.

Splenius Capitis

A muscle located in the back of the neck that functions in extending and rotating the head.

Mastication

The process of chewing food in preparation for swallowing and digestion.

Medial Pterygoid

A muscle of the jaw involved in the movement of the mandible, contributing to the chewing process.