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Super Ltd is a factory outlet store. Prepare journal entries (without description) for the following events which occurred during 20X7 Purchased inventory on credit, $10,000.
Super Ltd is a factory outlet store. Prepare journal entries (without description) for the following events which occurred during 20X7 Purchased inventory on credit, $10,000. (ii)Purchased $80,000 equipment by cash. (iii) Paid salary of $50,000. (iv) The company sold $1,000 of goods to customers on credit. The company paid $2,000 owed to a supplier. (v) v A customer paid S5,000 owed to Super Pte Ltd. (6 marks)
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