Question
On March 15, Silver Company purchased merchandise from Hellen Inc. with an invoice price of $35,000 and credit terms of 2/10, n/30. Silver Company paid
On March 15, Silver Company purchased merchandise from Hellen Inc. with an invoice price of $35,000 and credit terms of 2/10, n/30. Silver Company paid Hellen on March 22.
Required: prepare journal entries for Silver Company (the PURCHASER) on the following dates:
1.March 15 (5 points)
2. March 22 (5 points)
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Hospitality Management Accounting
Authors: Michael M. Coltman, Martin G. Jagels, Martin Jagels
7th Edition
0471348848, 978-0471348849
