Question
Prepare the journal entries to record the following transactions on Opus Companys books using a perpetual inventory system. On March 2, Nova Company sold $900,000
Prepare the journal entries to record the following transactions on Opus Companys books using a perpetual inventory system.
On March 2, Nova Company sold $900,000 of merchandise to Opus Company, terms 2/10, n/30. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Account Titles and Explanation | Debit | Credit |
---|---|---|
enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount |
eTextbook and Media
List of Accounts
On March 6, Opus Company returned $90,000 of merchandise purchased on March 2. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Account Titles and Explanation | Debit | Credit |
---|---|---|
enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount |
eTextbook and Media
List of Accounts
On March 12, Opus Company paid the balance due to Nova Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Account Titles and Explanation | Debit | Credit |
---|---|---|
enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount |
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