» Q-6-7a. Rock Castle Construction — Subsidiary account balances affected by processing purchasing and cash disbursement transactions Inventory was received but not paid for on a purchase order. Payment terms were 2% 10, Net 30. Choose the subsidiary records affected and the effect on each (increase or decrease). Please add checkmark next to the correct answer(s).
1 Inventory decrease, Accounts Payable decrease
2 Inventory decrease, Accounts Payable increase
3 Inventory increase, Accounts Payable increase
4 Inventory increase, Accounts Payable decrease
5 None of the above
Answers: 1
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