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Pgina 3 ACCT 3062 Problem 3 The following are selected 2017 transactions of BEMP Corporation: Sept. 1 - Purchased inventory from GDJJ Company on account
Pgina 3 ACCT 3062 Problem 3 The following are selected 2017 transactions of BEMP Corporation: Sept. 1 - Purchased inventory from GDJJ Company on account for $75,000. BEMP records purchases gross and uses a perpetual inventory system. Oct. 1 Issued a $75,000, 12-month, 8% note to Orion in payment of account. Oct. 1 Borrowed $75,000 from the Lajas Bank by signing a 12-month, zero-interest-bearing $81,000 note. Prepare journal entries for the selected transactions
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