Question
The following transactions occurred during December, the first month of operations for Harris Company. Prepare journal entries to record each transaction. 1) Purchased $2,000
The following transactions occurred during December, the first month of operations for Harris Company. Prepare journal entries to record each transaction. 1) Purchased $2,000 of inventory on account. 2) Purchased $1,200 of inventory on account. 3) Paid suppliers $2,400. 4) Purchased $1,600 of inventory on account. 5) Paid suppliers $1,200. Cash Accounts payable 1) To record purchase of inventory on account. Debit Credit 10 0 0 2) To record purchase of inventory on account. 3) To record payment to suppliers. 4) To record purchase of inventory on account. 5) To record payment to suppliers OO 00 0 0 0 0 0 00
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