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14 Slinky Company purchased merchandise on June 10, 2021, at a price of $37,000, subject to credit terms of 2/10, n/30. Slinky uses the net
14 Slinky Company purchased merchandise on June 10, 2021, at a price of $37,000, subject to credit terms of 2/10, n/30. Slinky uses the net method for recording purchases and uses a perpetual inventory system. Required: 1. Prepare the journal entry to record the purchase. 2. & 3. Prepare the journal entries to record the appropriate payment if the entire invoice is paid on June 18, 2021 and July 8, 2021. 01:40:52 Complete this question by entering your answers in the tabs below. Skipped eBook Reg 1 Req 2 and 3 References Prepare the journal entry to record the purchase. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Journal entry worksheet Record the payment on June 18, 2021. Note: Enter debits before credits. Date General Journal Debit Credit June 18, 2021 Reg 1 Req 2 and 3 Prepare the journal entries to record the appropriate payment if the entire invoice is paid on June 18, 2021 and July 8, 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the payment on July 8, 2021. Note: Enter debits before credits. Date General Journal Debit Credit July 08, 2021
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