Question
May 1 Borrowed $300,000 from a bank. 2 Purchased inventory on credit from a supplier A/K, n/20, $5,000. 4 Paid insurance for the next 12
| May | 1 | Borrowed $300,000 from a bank. |
| 2 | Purchased inventory on credit from a supplier A/K, n/20, $5,000. | |
| 4 | Paid insurance for the next 12 months $6,000. | |
| 8 | Paid the supplier A/K the full amount for inventory purchased on 2 May. | |
| 9 | Owner withdrew $2,000 for personal use.vvv |
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
8th Edition
9781118139424, 9781118139431, 470635290, 1118139429, 1118139437, 978-0470635292
