Dublin, Inc. uses the periodic inventory system. On February 1, the corporation purchased inventory on account for $16,000. The terms were 4/10, n/30. On February 2, it returned damaged goods worth $600 to the supplier. Give the journal entry for the payment if the invoice is paid after the discount period. (Round your answers to the nearest dollar.)
You might also like to view...
Trends observed in the shifting world population indicate that people aged 65 or more will soon outnumber those aged 5 or less. Also, the world's population aged over 80 is expected to nearly triple by the year 2040. Which of the following is a likely implication of such population trends?
A. decreasing demands on social entitlement programs B. increasing global savings rates C. dwindling labor supply D. decreasing preference for white-collar occupations
Who among the following is most likely to engage in violence at work?
A. Mary, a supervisor, whose colleague was killed in a workplace incident B. Jeff, a writer, who was recently involved in an accident at work C. John, a sales manager, who returned to work from a substance abuse rehabilitation program D. Dorothy, a receptionist, who is regularly abused by her husband
Which of the following is a valid table name in Oracle 12c?
a. jimm8 Y%c _5_H76ang b. S_c#oT#2t_321sM#_i_T6h c. 2LaN_n23_es#M#m d. mAU$reE78_&_n1
Mark marches to the beat of his own drummer, while Simon plans on following in his father's footsteps. Mark is open to change, while Simon embraces
A. conformity. B. benevolence. C. conservation. D. traditionalism. E. power.