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accounting help Exercise 8-5 (Algo) Inventory transactions; missing data [LO8-1] A company has the following information in its records. Certain data have been intentionally omitted
accounting help
Exercise 8-5 (Algo) Inventory transactions; missing data [LO8-1] A company has the following information in its records. Certain data have been intentionally omitted ( $ in thousands). Required: Determine the missing numbers. Note: Enter all amounts as positive numbers. Enter your answers irthousands. Required information Exercise 8-9 (Algo) Purchase discounts; the gross method [LO8-3] [The following information applies to the questions displayed below] On July 15, 2024, the Niche Car Company purchased 2,600 tires from the Treadwell Company for $35 each. The terms of the sale were 2/10, n/30. Niche uses a perpetual inventory system and the gross methgd of accounting for purchase Exercise 89 (Algo) Parts 1 and 2 Required: 1. Prepare the journal entries to record the purchase on July 15 and payment on July 23,2024. 2. Prepare the journal entry for the payment, assuming instead that it was made on August 15,2024. Complete this question by entering your answers in the tabs below. Prepare the journal entries to record the purchase on July 15 and payment on July 23, 2024. Note: If no entry is required for a transactionvevent, select "No journal entry required" in the first account field. Journal entry worksheet Complete this question by entering your answers in the tabs below. Prepare the journal entries to record the purchase on July 15 and payment on July 23, 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first accour Journal entry worksheet Complete this question by entering your answers in the tabs below. Prepare the journal entry for the payment, assuming instead that it was made on August 15, 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Step by Step Solution
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