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The company paid Kansas Corporation for the balance due, net of the cash discount, less the $486 credit from merchandise returned on January 24.
The company paid Kansas Corporation for the balance due, net of the cash discount, less the $486 credit from merchandise returned on January 24. Note: Enter debits before credits. Date General Journal Debit Credit 9,414 February 03 Accounts payable Cash Merchandise inventory Record entry Clear entry View general journal
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In this journal entry youre recording a payment to Kansas Corporation adjusting for a credit ...
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Advanced Accounting
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
11th Edition
978-0132568968, 9780132568968
