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Required information [ The following information applies to the questions displayed below. ] On July 1 5 , 2 0 2 4 , the Niche
Required information The following information applies to the questions displayed below. On July the Niche Car Company purchased tires from the Treadwell Company for $ each. The terms of the sale were Niche uses a perpetual inventory system and the net method of accounting for purchase discounts. Required: Prepare the journal entries to record the purchase on July and payment on July Prepare the journal entry for the payment, assuming instead that it was made on August Complete this question by entering your answers in the tabs below. Prepare the journal entries to record the purchase on July and payment on July Note: If no entry is required for a transactionevent select No journal entry required" in the first account field.
Required information
The following information applies to the questions displayed below.
On July the Niche Car Company purchased tires from the Treadwell Company for
$ each. The terms of the sale were Niche uses a perpetual inventory system and the
net method of accounting for purchase discounts.
Required:
Prepare the journal entries to record the purchase on July and payment on July
Prepare the journal entry for the payment, assuming instead that it was made on August
Complete this question by entering your answers in the tabs below.
Prepare the journal entries to record the purchase on July and payment on July
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field.
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