On January 10 Alana Davis uses her Idaho Co. credit card to purchase merchandise from Idaho Co.
Question:
On January 10 Alana Davis uses her Idaho Co. credit card to purchase merchandise from Idaho Co. for $1,400. On February 10 Davis is billed for the amount due of
$1,400. On February 12 Davis pays $1,000 on the balance due. On March 10 Davis is billed for the amount due, including interest at 1% per month on the unpaid balance as of February 12. ;
Instructions Prepare the entries on Idaho Co.’s books related to the transactions that occurred on January 10, February 12, and March 10.
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Related Book For
Financial Accounting Tools For Business Decision Making
ISBN: 9780471730514
4th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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