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Suppose Billabong purchased T-shirts on 1 January on credit for 515 900 excluding GST of $1 590. Credit terms are 2/10,n/30. Billabong paid for the
Suppose Billabong purchased T-shirts on 1 January on credit for 515 900 excluding GST of $1 590. Credit terms are 2/10,n/30. Billabong paid for the purchase on 8 January Requirement Journalise the following transactions for the store: a. purchase of inventory b. payment on account. a. Journalise purchase of inventory. (Record debits first, then credits. Explanations aren't required. Round your answers to the nearest cent.) Journal Entry Date Accounts Debit Credit Jan 1 LOV b. Journalise payment on account. (Record debits first then credits. Explanations aren't required Round your answers to the nearest cent.) Choose from any list or enter any number in the input fields and then continue to the next
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