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Q3. Ahmed Co. records purchase discounts lost (net method) and uses perpetual inventories. Prepare journal entries in general journal form for the following: (a) Purchased
Q3. Ahmed Co. records purchase discounts lost (net method) and uses perpetual inventories. Prepare journal entries in general journal form for the following:
(a) Purchased merchandise costing SAR 1000 with terms 2/10, n/30. (b)Payment was made thirty days after the purchase.
I do not want to write by hand because it is not clear. I want a clear and tidy solution, and I want a clear explanation, as well as clear and tidy examples.
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