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Required Information [The following informetion spplies to the questions alsplayed below] Comfort Compsny purchased 290 unlts of inventory on November 17, 2024. The units have
Required Information [The following informetion spplies to the questions alsplayed below] Comfort Compsny purchased 290 unlts of inventory on November 17, 2024. The units have s list price of $200 eoch, but. Comfortwss given is 25\% trode discount. The terms of the ssie were 1/10, 1/3. Comfort uses s perpetusi Inventory system. equired: 1. Prepore the joumal entries to record the (s) purchsse by Comfort on November 17 and (b) psyment on Navember 26, 2024. Comfort uses the groas methad of sccount.ng for purchsse discounts. 2. Prepse the joums entry for the posyment, sasuming Instesd that it wes mode on December 15, 2024. Complete this question by entering your answers in the tabs below. Prepare the journal entries to record the (a) purchase by Comfort on Nowember 17 and (b) payment on Nowember 25, 2024. Comfort uses the groas method of accounting far purdhsese discounts. Journal entry worksheet Required Information [The following informetion applies to the questions displayed below.] Comfort Compsny purchased 290 unlts of inventory on November 17, 2024. The units have s list price of $200 eoch, but system. equired: 1. Prepsre the joums entries to record the (s) purchsse by Comiort on November 17 and (b) psymert on November 26,2024. Comfort uses the groas method of sccounting for purchise discounts. 2. Prepore the joumal entry for the poyment, sasuming Instesd that it wea mode on December 15, 2024. Complete this question by entering your answers in the tabs below. Prepare the journal entries to record the (a) purchase by Comfort on Nowember 17 and (b) payment on Nowember 26, 2024. Comfort uses the groas method of accounting far purchsese discounts. Note: If no entry is required for a transactian/event, seledt "No foumal entry required" in the first account field. Journal entry worksheet Fecord payment on Navember 26 uilng the gross method af sccounting for purchsese cliscounts. Required Information [The following informetion applies to the questions displayed below.] Comfort Compsny purchased 290 unlts of inventory on November 17, 2024. The unlts have s list price of $200 eoch, but Comfortwss given s 25\% trode discount. The terms of the ssle were 1/10, 1/30. Comfort uses s perpetusi Inventary system. lequired: 1. Prepse the joumsl entries to record the (s) purchsse by Comfort an November 17 and (b) psyment on Navember 26,2024. Comfort uses the gross method of sccounting for purchsse discounts. 2. Prepse the joums entry for the posyment, sasuming Instesd that it wea mode on December 15, 2024. Complete this question by entering your answers in the tabs below. Prepare the journal entry for the payment, assuming ingtead that it wos mode on December 15, 2024. Note: If no entry is required for a transactian/levent, select "Na foumal entry required" in the first account field. Journal entry worksheet Aternatively, record poyment on December 15 using the grass method of accounting for purchsese discounts. Nat: Entir dotals bafore cridits
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