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Vaughn Company made a purchase of merchandise on credit from Cullumber Company on August 8,...

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Accounting

Vaughn Company made a purchase of merchandise on credit from Cullumber Company on August 8, for $10300, terms 2/10, n/30. On August 17, Vaughn makes payment to Cullumber. The entry on August 17 for Vaughn Company is: Entry field with incorrect answer

Accounts Payable 10300 Purchase Returns and Allowances 206 Cash 10094

Accounts Payable 10094 Cash 10094

Accounts Payable 10300 Inventory 206 Cash 10094

Accounts Payable 10300 Cash 10300

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