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The purchase for June 3rd is as followed: What ledger and amount would be dr. & cr. for June 12th? Jun 3: Purchased $16,500 of
The purchase for June 3rd is as followed:
What ledger and amount would be dr. & cr. for June 12th?
Jun 3: Purchased $16,500 of merchandise on account from A to Z Equipment. Terms, 2/15, n/45, FOB shipping point. Journal Entry Date Accounts Debit Credit Jun 16,170 3 Inventory Accounts payable 16,170 Jun 12: Returned defective gym equipment, which was purchased on June 3. Received a $1,900 credit from A to Z Equipment, Inc. Journal Entry Date Accounts Debit Credit Jun 12 Accounts payableStep by Step Solution
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