On September 12, Vander Company sold merchandise in the amount of $7,200 to Jepson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,700. Jepson uses the periodic inventory system and the gross method of accounting for purchases. The journal entry that Jepson will make on September 12 is:

See explanation

Step-by-step explanation:

Following the information that is given in the question, the journal entry that Jepson will make on September 18 will be analysed below:

Debit Accounts payable $7,200

Credit Purchases discounts = 2% × $7200 = $144

Credit Cash = $7200 - $144 = $7056

step-by-step explanation:

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system of linear equation

step-by-step explanation:

as given in the data

a= 20 , b= -12

let us suppose that it is a straight line equation

now we know the formula for the system of linear equation

b= ma + c )

here m is slope of a straight line which is equal to formula

m=   (ii)

and here c is a constant

now putting the value of a and b in equation (ii)

m=

m=

putting the value of a,b and m in equation (i) gives us

-12 = + c

-12=-12 + c

adding 12 to both sides

-12 +12 = -12 +12 +c

0 =c

or c=0

as the value of the constant is zero which gives us that it is a linear equation and this order pair satisfies the system of linear equations.