Question
Ruby Corporation engaged in the following transactions during June. The company uses the perpetual inventory system. DATE TRANSACTIONS 2019June4Purchased merchandise on account from Salinas Company;
Ruby Corporation engaged in the following transactions during June. The company uses the perpetual inventory system.
DATETRANSACTIONS2019June4Purchased merchandise on account from Salinas Company; Invoice 100 for $1,125; terms n/30.
15Recorded purchases for cash, $1,640.
30Paid amount due to Salinas Company for the purchase on June 4.
Record these transactions in a general journal.
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Managerial Accounting For Dummies
Authors: Mark P Holtzman, Karen Schoenebeck
1st Edition
1118116429, 978-1118116425
