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Please help on journal entries 1 and 2 please Prepare journal entries to record each of the following transactions. The company records purchases using the
Please help on journal entries 1 and 2 please
Prepare journal entries to record each of the following transactions. The company records purchases using the gross method and a perpetual inventory system. Sept. 15 Purchased merchandise with an invoice price of $80,000 and credit terms of 4/5, n/15. Sept. 29 Paid supplier the amount owed on the September 15 purchase. View transaction list Journal entry worksheet 1 2 > Purchased merchandise with an invoice price of $80,000 and credit terms of 4/5, n/15. Note: Enter debits before credits. Date General Journal Debit Credit Sept 15 Record entry Clear entry View general journal Prepare journal entries to record each of the following transactions. The company records purchases using the gross method and a perpetual inventory system. Sept. 15 Purchased merchandise with an invoice price of $80,000 and credit terms of 4/5, n/15. Sept. 29 Paid supplier the amount owed on the September 15 purchase. View transaction list Journal entry worksheet Paid supplier the amount owed on the September 15 purchase. Note: Enter debits before credits. Date General Journal Debit Credit Sept 29 Record entry Clear entry View general JournalStep by Step Solution
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