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Capella Company bought for its use office supplies on June 10, 2020 from Jessica Store for 10,000 less 5 on terms 30% down and the
Capella Company bought for its use office supplies on June 10, 2020 from Jessica Store for 10,000 less 5 on terms 30% down and the balance 2/10 n/30. Both companies are using special journals together with the general journal. What was recorded by Capella on June 10, 2020?
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A credit to Accounts Payable for 6,650 in the general journal
A debit to Office Supplies for P9,500 in the cash payments journal
A debit to Purchases in the purchases journal for 9,500
A credit to Cash for 9,500 in the general journal
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