Question
Prepare the journal entries to record these transactions on Huntington Kitchens books using a periodic inventory system. On March 2, Huntington purchased 900,000 of merchandise
Prepare the journal entries to record these transactions on Huntington Kitchens books using a periodic inventory system.
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On March 2, Huntington purchased 900,000 of merchandise on account from Saunder Cabinets, terms 2/10, n/30.
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On March 6, Huntington returned 184,000 of the merchandise purchased on March 2.
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On March 12, Huntington paid the balance due to Saunder.
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Principles Of Financial Accounting (Chapters 1-17)
Authors: John Wild
24th Edition
1260158608, 9781260158601
