What is the Journal Entry that needs to be made?

Use the Material Matters Invoice to record the appropiate journal entry.

This is a purchase that was made by a company that is planning to pay back at a later date.

Material Matters 258 Frontage Road Little Rock, AR 72209 Date 12/15/20X4 Invoice Number 20X4-8974 Terms: net 30 Ship To: Molder of Dreams 201 Donaghey Conway AR 72035 Quan Price 40 1.00 40.00 135 60 Items Item 236a4 Item 2514b39 Item 74ar9 Item 99 200 2.25 0.50 100 100 100 Subtotal Sales Tax Shipping Total 375.00 37.50 25.00 437.50