Question:Refer to the given image:

On February 1, Crown & Co. purchased $2,000 worth of merchandise, terms 2%/ 10 net 30 days. They use the gross method of recording purchases. Payment of the accounts payable was made on February 26. Which of the following journal entries would be appropriate for the February 26 transaction? 

A 1 
B 2 
C 3 
D 4 

+ Answer
A 

+ Explanation
answer not sure

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Md. Habib Ullah

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