Anonymous
Anonymous asked in Business & FinanceSmall Business · 1 month ago

​Joy's Accessories bought 65 necklaces for​ $12 each on account. The payment terms of​ 2/10, n/30. In​ addition, 13 necklaces were retur....?

​Joy's Accessories bought 65 necklaces for​ $12 each on account. The payment terms of​ 2/10, n/30. In​ addition, 13 necklaces were returned prior to payment. The entry to record the initial purchase would​ include:

A.

a debit to Accounts Payable for​ $780.

B.

a debit to Merchandise Inventory for​ $13.

C.

a debit to Accounts Payable for​ $624.

D.

a debit to Merchandise Inventory for​ $780.

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