Question
On January 1, 2021, Westwood sold 2 drones costing $250 000 to Norman Ltd. The terms of the sale were 2/10 n/30. On January 5,
On January 1, 2021, Westwood sold 2 drones costing $250 000 to Norman Ltd. The terms of the sale were 2/10 n/30.
On January 5, 2021, William Ltd. bought 10 drones from Westwood costing $2 200 000 with terms 3/15 n/60.
Westwood received payments for the amounts due from Norman Ltd. and Williams Ltd. on January 12, 2021.
C. Prepare the journal entries for Westwood Corporation for the January 1, January 5 and January 12 transactions respectively.
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Accounting For The Environment
Authors: Rob Gray, Jan Bebbington
2nd Edition
0761971378, 978-0761971375
