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6 points On March 1, the company purchased merchandise from Ana Trading for P100.000 less 10-5-3non terms 2/10 n/30 with a downpayment of P20,000. Delivery
6 points On March 1, the company purchased merchandise from Ana Trading for P100.000 less 10-5-3non terms 2/10 n/30 with a downpayment of P20,000. Delivery cost of P1,000 was also paid. Determine the journal entries for this transaction. Given are the appropriate accounts and amounts for the journal entries. just identify if the account must be a debited or credited. Debit Credit Purchases. 82,935 Accounts payable 20,000 Cash 1000 Accounts Payable 82,935 Cash. 20,000 Freight In 1000
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