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Brief Exercise 3-35 Accounts Payable On May 18, Stanton Electronics purchased, on credit, 1,000 TV sets for $400 each. Stanton plans to resell these TVs

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Brief Exercise 3-35 Accounts Payable On May 18, Stanton Electronics purchased, on credit, 1,000 TV sets for $400 each. Stanton plans to resell these TVs in its store. Stanton paid the supplier on June 30. Required: Prepare the necessary journal entry for entries) on May 18 and June 30 1. May 18 Record purchase of inventory on credit) 2. Je acord payment to super

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