Journal entry For June 27 AND 28

What account is credited and debited?

June 27

A check was issued to Anderson Supply as payment in full for an invoice dated May 28. To verify the amount due, select Journal/Ledgers/Statements, select Subsidiary Ledgers, select Accounts Payable Ledger, click on Vendor, select the Anderson Supply account. (20110).

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June 28 A check for $750.00 was received from the Dobbins High School Water Ski Club for storage fees on their club watercraft and equipment. The check covers the club storage fees for six months beginning July 1.

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June 28

To fill a ski club special order, Granite Bay Jet Ski purchased, on credit, four additional personal watercraft trailers from Starlight Sports. The invoice list price is $2,000.00 each for the trailers. Credit terms of 1/10, n/30 are offered by Starlight Sports and the total net purchase price is $7,920.00. This order has been shipped FOB destination.

Stock Number	Item	Quantity	Net Cost Per Unit
AL900	STARLIGHT QUAD	4	$_______

Calculate the net cost per unit and compare your answer to the amount listed by the program when the inventory data is entered.