Question
0n June 1, Neighbor Company purchased inventory on account with a cost of $4,000.The credit terms were 2/10,net 30. On June 2, Neighbor returned 50
0n June 1, Neighbor Company purchased inventory on account with a cost of $4,000.The credit terms were
2/10,net 30. On June 2, Neighbor returned 50 percent of the inventory. Neighbor uses the perpetual inventory system. On June 8, Neighbor paid for the inventory. What journal entry did Neighbor Company prepare on June 8?
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IT Auditing Using A System Perspective Premier Reference Source
Authors: Robert Elliot Davis
1st Edition
1799855481, 978-1799855484
