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help with journal entries The company recorded cash sales of $2,022. The merchandise had a cost of $1,492 28 3 The company paid Kansas Corp.
help with journal entries
The company recorded cash sales of $2,022. The merchandise had a cost of $1,492 28 3 The company paid Kansas Corp. for the balance due, net of the cash discount, less the $694 amount in the credit memorandum. 29 5 The company paid $850 cash to the local newspaper for an advertising insert in todays paper. 30 5 Purchased merchandise with a cost of $ 5,980 from Emerald Isle, Inc. a new vendor, with terms of 2/10, n/30, FOB destination, invoice dated November 5 31 5 The company paid October electric bill of $346.
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