Ella Company bought merchandise on June 10, 2020 for P6,650 on terms 2/10 n/30. Ella made...
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Ella Company bought merchandise on June 10, 2020 for P6,650 on terms 2/10 n/30. Ella made a partial payment of P2,000 on June 15 and finally settled its account on June 20. Ella is using special journals together with the general journal. In Ella's books, the journal entry to record the June 20, 2020 transaction involves a credit to Purchase Discount for Ella Company bought merchandise on June 10, 2020 for P6,650 on terms 2/10 n/30. Ella made a partial payment of P2,000 on June 15 and finally settled its account on June 20. Ella is using special journals together with the general journal. In Ella's books, the journal entry to record the June 20, 2020 transaction involves a credit to Purchase Discount for
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To determine the credit to the Purchase Discount account in Ella Companys journal entry on June 20 2... View the full answer
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