按照我给的正确英文答案抄给我
The correct answers provided are as follows:
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Journal entry for purchase with cash discount: Debit: Inventory 29,400 Credit: Accounts Payable 29,400
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Payment within the discount period: Debit: Accounts Payable 29,400 Credit: Cash 29,124 Credit: Finance Costs - Cash Discount 276
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Payment after the discount period: Debit: Accounts Payable 29,400 Credit: Cash 29,400
These entries assume a 2% cash discount on a $30,000 purchase with terms of 2/10, n/30, where a 2% discount is given if paid within 10 days, and the full amount is paid otherwise. The currency unit is in dollars. If the original currency differs, adjustments should be made accordingly.
