Question
Suppose Yoga Plus purchases $55,000 of sportswear on account from Wholesale Sportwears comma Inc.Wholesale Sportwears, Inc., on December 1, 2018. Credit terms are 44/10, net
Suppose Yoga Plus purchases $55,000 of sportswear on account from Wholesale Sportwears comma Inc.Wholesale Sportwears, Inc., on December 1, 2018. Credit terms are 44/10, net 4545. Yoga PlusYoga Plus pays Wholesale Sportwears comma Inc.Wholesale Sportwears, Inc. on December 8, 2018
1. Journalize the transactions for Yoga PlusYoga Plus on December 1, 2018 and December 8, 2018, assuming the "net" method is used (Record debits first, then credits. Exclude explanations from any journal entries.)
Dec 1: Purchases $55,000 of sportswear on account.
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A Communication Audit Handbook Helping Organizations Communicate
Authors: Seymour Hamilton
1st Edition
0801300614, 978-0801300615
