11 Dec. Purchased goods from Sebarau Biru Sdn Bhd for an invoice price of RM120,000, terms 2/20,...
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11 Dec. Purchased goods from Sebarau Biru Sdn Bhd for an invoice price of RM120,000, terms 2/20, n/30. Purchases and accounts payable are recorded at net amounts. Sixty percent (60%) of the invoice was paid on 20 December.
20 Dec. Received sixty percent (60%) of the invoice of Sebarau Biru Sdn Bhd from the purchased of 11 December.
- Prepare adjusting journal entry(ies) 31 December 2022
Related Book For
Intermediate Accounting
ISBN: 978-1119048541
11th Canadian edition Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
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