Carrie company sold merchandise with an invoice price of $1,900 to underwood, inc., with terms of 3/10, n/30. which of the following is the correct entry to record the payment by underwood inc., within the 10 days if the company uses the periodic inventory system and the gross method to record purchases? accounts payable 1,900 cash 1,900 cash 1,843 sales discount 57 accounts receivable 1,900 accounts payable 1,900 cash 1,843 purchases discounts 57 purchases 1,843 cash 1,843

Exercise 4-9presented below is information related to martinez corp. for the year 2017.net sales $1,399,500 write-off of inventory due to obsolescence $80,440cost of goods sold 788,200 depreciation expense omitted by accident in 2016 43,600selling expenses 65,800 casualty loss 53,900administrative expenses 53,500 cash dividends declared 43,300dividend revenue 22,100 retained earnings at december 31, 2016 1,042,400interest revenue 7,420 effective tax rate of 34% on all items exercise 4-9 presented below is information relateexercise 4-9 presented below is information relate prepare a multiple-step income statement for 2017. assume that 61,500 shares of common stock are outstanding. (round earnings per share to 2 decimal places, e.g. 1.49.)prepare a separate retained earnings statement for 2017. (list items that increase retained earnings first.)