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please help with recording both transactions Brief Exercise 6-13 (Algo) Record purchase discounts of inventory using a perpetual system (LO6-5) Shankar Company uses a perpetual
please help with recording both transactions
Brief Exercise 6-13 (Algo) Record purchase discounts of inventory using a perpetual system (LO6-5) Shankar Company uses a perpetual system to record inventory transactions. The company purchases inventory on account on February 2 for $24,000, with terms 3/10,n/30. On February 10 , the company pays on account for the inventory. Record (a) the inventory purchase on account on February 2 and (b) the payment on, February 10. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the purchase of inventory on account. Note: Enter debits before credits Step by Step Solution
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