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Provide the appropriate journal entries for the following transactions. If no journal entry is required please indicate so. 01/04/2019 | Andy Sports in Chester, VA
Provide the appropriate journal entries for the following transactions. If no journal entry is required please indicate so.
01/04/2019 | Andy Sports in Chester, VA made a payment of $62,500 to NSC via bank transfer for the Basketball bag that they received from NSC on December 28, 2018. 01/04/2019 NSC received a payment of 19,800 from Elizabeth Sports in Elizabeth City, NC for the balance due on their account. 01/04/2019 NSC sent one of their staffs to Staples to pick offices supplies, the order for which was placed with Staples using Staples's online order platform. The order was placed for $785 of office supplies. NSC purchases on credit from Staples and makes payment within 10 days. NSC determines supplies expense at the end of the monthStep by Step Solution
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