Flynn Company uses a perpetual inventory system and had the following transactions during November: November 6: Purchased $5,800 of inventory on account, terms 2/10, n/30.
Flynn Company uses a perpetual inventory system and had the following transactions during November:
November 6: Purchased $5,800 of inventory on account, terms 2/10, n/30.
November 8: Returned $800 of defective units and received full credit.
November 15: Paid the amount due
Post the general journal entries for these transactions
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Authors: Clare Mayo, Gill Harvey
1st Edition
070202418X, 978-0702024184
