Question
On Dec 3, Sterling orders and receives 6 workstations and a server from Dell on account. The workstations cost $800 each and the server costs
On Dec 3, Sterling orders and receives 6 workstations and a server from Dell on account. The workstations cost $800 each and the server costs $2000. Payment terms with Dell net 30.
On Dec 5, Sterling pays Dell for the 6 workstations and server ordered on Dec 3. (Check #121)
How would I record the transaction that occurred on Dec 5 in these tables with payment terms net 30?
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International Accounting
Authors: Frederick D. Choi, Gary K. Meek
7th Edition
978-0136111474, 0136111475
