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Bennett Co. paid $ 205 to Parker Co. and received a $ 32 purchases discount. Journalize the entry for Bennett Co. Assume the perpetual inventory
Bennett
Co. paid
$ 205
to
Parker
Co. and received a
$ 32
purchases discount. Journalize the entry for
Bennett
Co. Assume the perpetual inventory system. (The amount paid of
$ 205
is the amount after the discount. Record debits first, then credits. Exclude explanations from journal entries.)
Journal Entry | |||||
Date | Accounts | PR | Dr. | Cr. | |
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