Question
July 1 Purchase of $26,500 worth of computers on account, term of 2/10, n/60, from Border Computers. July 3 Return of $5,000 of the computers
| July 1 | Purchase of $26,500 worth of computers on account, term of 2/10, n/60, from Border Computers. |
|---|---|
| July 3 | Return of $5,000 of the computers to Border Computers. |
| July 9 | Payment made on account to Border Computers. |
Journalize the purchase transactions for Best Buy Electronics and Supply assuming the company uses the perpetual inventory system. Using the statements above.
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Excel For Accountants Tips, Tricks & Techniques
Authors: Conrad Carlberg
1st Edition
1932925015, 9781932925012
