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How to get June 19th entries ? View Policies Show Attempt History On June 10. Splish Brothers Company purchased $6.700 of merchandise from Sunland Company,
How to get June 19th entries ?
View Policies Show Attempt History On June 10. Splish Brothers Company purchased $6.700 of merchandise from Sunland Company, on account, terms 2/10,n/30. Splish Brothers pays the freight costs of $380 on June 11. Goods totaling $700 are returned to Sunland for credit on June 12. On June 19. Splish Brothers Company pays Sunland Company in full less the purchase discount. Both companies use a perpetual inventory system, (a) Your Answer Correct Answer Your answer is correct Prepare separate entries for each transaction on the books of Solish Brothers Company. (if no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit 2. = Date Account Titles and Explanation Debit Credit lune 10 Inventory 6700 Accounts Payable 6700 lune 11 Inventory 380 Cash 380 June 12 Accounts Payable 700 Inventory 700 une 19 Accounts Payable 6000 Cash SO Inventory 120 Step by Step Solution
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