Question

On June 5, Staley Electronics purchases 200 units of inventory on account for $19 each, with terms 2/10, n/30. Staley pays for the inventory on June 12.

Required:
1. Record transactions for the purchase of inventory and payment on account.
2. Now assume payment is made on June 22. Record the payment on account.



$1.99
Sales2
Views209
Comments0
  • CreatedJuly 15, 2014
  • Files Included
Post your question
5000