Question
A. Black Properties has just received a new dishwasher. The invoice (dated November 1, 2014) is as follows: Terms 2/10, n/30 Cost of dishwasher $25,000
A. Black Properties has just received a new dishwasher. The invoice (dated November 1, 2014) is as follows:
Terms 2/10, n/30
Cost of dishwasher $25,000
Maintenance Three year contract 3,000
Total $28,000
**Assume the invoice is paid on November 10, 2014. Prepare the entry to record this transaction:
**Further, assume the invoice for freight on the dishwasher is $1,000. Record the payment:
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Accounting And Finance For Non Finance Managers
Authors: Jai Kumar Batra
1st Edition
9352806964, 978-9352806966
