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Zagat Inc. enters into an agreement on March 1, 2014, to sell Werner Metal Company aluminum ingots in 2 months. As part of the agreement,
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Prepare the journal entry for the repurchase of the ingots on May 1, 2014.(If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered.Do not indent manually.)
Date | Account Titles and Explanation | Debit | Credit |
May 1, 2014 | |||
(To record payment plus interest on financing) |
Click if you would like to Show Work for this question: | Open Show Work |
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