Accounts Payable On May 18, Stanton Electronics purchased, on credit, 1,000 TV sets for ($ 400) each.

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Accounts Payable On May 18, Stanton Electronics purchased, on credit, 1,000 TV sets for $\$ 400$ each. Stanton plans to resell these TVs in its store. Stanton paid the supplier on June 30.

\section*{Required:}

Prepare the necessary journal entry (or entries) on May 18 and June 30.

\section*{OBJECTIVE 2 Brief Exercise

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Cornerstones Of Financial Accounting

ISBN: 9780176707125

2nd Canadian Edition

Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone

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Question Posted: Jun 10, 2024 01:02 AM

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Accounts Payable On May 18, Stanton Electronics purchased, on credit, 1,000 TV sets for ($ 400) each.

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Cornerstones Of Financial Accounting

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