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On June 5, Jensen Corporation purchased merchandise from Rusli Company for $20,000, terms 1/10, net/30. Which of the following is the journal entry Jensen Corporation
On June 5, Jensen Corporation purchased merchandise from Rusli Company for $20,000, terms 1/10, net/30. Which of the following is the journal entry Jensen Corporation should record for this purchase?
Question 31 options:
Debit: Inventory 20,000 Credit: Cash 20,000 | |
Debit: Inventory 20,000 Credit: Accounts Payable 20,000 | |
Debit: Cash 20,000 Credit: Inventory 20,000 | |
Debit: Cash 20,000 Credit: Inventory 20,000 |
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