题目内容

OnJuly1,theCorraoCompanypurchased$1,000ofinventoryonaccountwithcredittermsof2/10,net30.CorraoCompanyusestheperpetualinventorysystem.OnJuly5,theCorraoCompanypaidtheamountdue.WhatjournalentrydidtheyprepareonJuly5?

A. debitAccountsReceivablefor$1,000andcreditCashfor$1,000
B. debitAccountsPayablefor$1,000,creditInventoryfor$20andcreditCashfor$980
C. debitPurchaseDiscountfor$20,debitAccountsPayablefor$960andcreditCashfor$980
D. debitAccountsPayablefor$980andcreditCashfor$980

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