Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. help save & exit submit lubime morgan, inc. us

Help Save & Exit Submit Lubime Morgan, Inc. uses a perpetual Inventory system and the...

90.2K

Verified Solution

Question

Accounting

image
Help Save & Exit Submit Lubime Morgan, Inc. uses a perpetual Inventory system and the net method of recording purchases. On May 12, a merchandise purchase of $18.200 was made on credit. 3/10, n/30. The Journal entry to record this purchase is Multiple Choice 18,200 Merchandise Inventory Accounts Payable 18,200 10,200 hecounts Payable Merchandise Inventory 18,200 Purchases Nocounts Payable 10,200 11.200 O Durchaus ABOURL Payable 12.654 17.654 1265 Marabandis Twenty hosounts Payable 17.654

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

The following stem and leaf plot represents the tim

Biology
1.2K views

Are the protists a monophyletic group? please discuss this and describe this by drawing a “tree”...

Physics
1.2K views

two crates, of mass 65 kg and 125 kg are in contact and at rest on...

Biology
1.2K views

Daisy inherits a mutation from her mother that results in the phenotype of red hair...

Basic Math
1.2K views

The following graph shows an aggregate demand AD curve and a short run aggregate supply...

Basic Math
1.2K views

Choose the best answer for each question. Round answers to two decimal places. If to...

Calculus
1.2K views

Find da 9 x for g x sin x 5x OA sin x 20x OB...

Accounting
1.2K views

Common stock was issued to stockholders for $7,000 Common stock was issued to stockholders for...

Accounting
1.2K views

The following data are for Guava Company's retiree health care plan for the current calendar...

Accounting
1.2K views

Diane purchased a factory building on April 15,2019, for $15,000,000. She sells the factory building...

Accounting
1.2K views

Required a. Reconstruct Gibson's income statement, assuming that it serves 174 customers when it...

Finance
1.2K views

Ratio Operating margin Profit margin Return on total assets Return on common equity Basic earning...