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Z-Mart recorded the following journal entry: 2,500 Accounts Payable Merchandise Inventory Cash The transaction was:...

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Accounting

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Z-Mart recorded the following journal entry: 2,500 Accounts Payable Merchandise Inventory Cash The transaction was: 50 2,450 A payment of an account payable with 2/10,n/30 terms paid on the 30th day after purchase. A purchase and recognition of a cash discount taken. A purchase of merchandise on credit. A return of merchandise previously purchased on credit. A payment of an account payable with 2/10,n/30 terms paid on the 10th day after purchase

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