Lantz Corporation engaged in the following transactions during June. The company uses the perpetual inventory system. Record
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Lantz Corporation engaged in the following transactions during June. The company uses the perpetual inventory system. Record these transactions in a general journal.
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DATE 20X1 June 4 15 30 TRANSACTIONS Purchased merchandise on account from Gutierrez Company; Invoice 100 for $1,085; terms n/30. Recorded purchases for cash, $1,740. Paid amount due to Gutierrez Company for the purchase on June 4.
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Heres the journal entry for the transactions DATE ACCOUNTS DEBIT CREDIT June 4 ...View the full answer
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Related Book For
College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina
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