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-4-5 (book/static) Question Help Regal Spas, Inc., purchased 511,800 worth of inventory from the Pool Palace on account, terms of 2/10,6/30. Some of the goods
-4-5 (book/static) Question Help Regal Spas, Inc., purchased 511,800 worth of inventory from the Pool Palace on account, terms of 2/10,6/30. Some of the goods were damaged during shipment, so Regal Spas, Inc., returns $2,300 of the merchandise to the Pool Palace Read the requirements Joumalize the following transactions for Regal Spas, Inc, assuming the "net" method is utilized Explanations are not required (Record debits first, then credits Exclude explanations from any journal entries) a. Purchase of the goods Journal Entry Accounts Debit Credit Choose from any list or enter any number in the input fields and then click Check Answer 2 ans Clear A remaining Check Answer S4-5 (book/static) ili Question Help Regal Spas, Inc, purchased $11,800 worth of inventory from the Pool Palace on account, terms of 2/10, 1/30 Some of the goods were damaged during shipment, so Regal Spas, Inc., returns $2,300 of the merchandise to the Pool Palace Read the requirements Credit Accounts Accounts payable Inventory Debit 2 254 b 2.254 c. Payment for the goods within the discount period Journal Entry Accounts Debit Credit Choose from any list or enter any number in the input fields and then click Check Answer Clear All Check Answer All parts showing
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