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please notice how my answers are wrong. don't send the same wrong answers again @the chegg tutor who can't read On July 15, 2021, the
please notice how my answers are wrong. don't send the same wrong answers again @the chegg tutor who can't read On July 15, 2021, the Nixon Car Company purchased 1,000 tires from the Harwell Company for $50 each. The terms of the sale were 2/10, 1/30. Nixon uses a perpetual inventory system and the net method of accounting for purchase discounts. Required: 1. Prepare the journal entries to record the purchase on July 15 and payment on July 23, 2021. 2. Prepare the journal entry for the payment, assuming instead that it was made on August 15, 2021. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the Journal entries to record the purchase on July 15 and payment on July 23, 2021. (If no ertry is required for a transaction/event, select "No journal entry required" in the first account field.) No General Journal Debit Credit Dato July 15, 2021 1 50,000 Inventory Accounts payable O 50,000 2 July 23, 2021 50,000 Accounts payable Inventory Cash 1,000 % 49,000 Returi On July 15, 2021, the Nixon Car Company purchased 1,000 tires from the Harwell Company for $50 each. The terms of the sate were 2/10, 1/30, Nixon uses a perpetual inventory system and the net method of accounting for purchase discounts. Required: 1. Prepare the journal entries to record the purchase on July 15 and payment on July 23, 2021 2. Prepare the journal entry for the payment, assuming instead that it was made on August 15, 2021 Answer is not complete. Complete this question by entering your answers in the tabs below. Required: Required 2 Prepare the journal entry for the payment, assuming instead that it was made on August 15, 2021. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) No Date General Journal Debit Credit
please notice how my answers are wrong. don't send the same wrong answers again @the chegg tutor who can't read
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