Question
5.1 On 15 April 2014 Irona Pty Ltd purchased a $200,000 piece of equipment by accepting a 6-month discounted bill. The bill has a face
5.1 On 15 April 2014 Irona Pty Ltd purchased a $200,000 piece of equipment by accepting a
6-month discounted bill. The bill has a face value of $209,000 and is due for settlement on
15 October 2014.
Prepare the general journal entry to settle the bill on 15 October 2014. Narration is
not required.
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MIS Management Information Systems
Authors: Hossein Bidgoli
8th edition
978-1337406932, 1337406937, 978-1337406925, 1337406929, 978-0357004357
