Oct. 1 Purchased merchandise inventory on account with credit terms of 4/10, n/30 from Mayer Co., $2,200.

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11 Purchased office supplies on account from Bird Co., $600. Terms were n/EOM.

24 Purchased furniture on account with credit terms of 3/10, n/60 from Silly Co., $900.

Use the following purchases journal to record the preceding transactions.

Purchases Journal Page 6 Other Accounts DR Merchandise Office Vendor Post Post. Accounts Account Date Account Credited T

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Horngrens Financial And Managerial Accounting The Financial Chapters

ISBN: 9780134486840

6th Edition

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura

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Question Posted: Oct 27, 2017 04:30 AM

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Oct. 1 Purchased merchandise inventory on account with credit terms of 4/10, n/30 from Mayer Co., $2,200.

Question:

Purchases Journal Page 6 Other Accounts DR Merchandise Office Vendor Post Post. Accounts Account Date Account Credited Title Ref. Payable CR Inventory DR Supplies DR Terms Ref. Amount 2018

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Horngrens Financial And Managerial Accounting The Financial Chapters

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