Peter's Painting Pty Ltd purchased $900 paint (cash paid) from Fluffy Dog Paint Suppliers Co. The original
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Peter's Painting Pty Ltd purchased $900 paint (cash paid) from Fluffy Dog Paint Suppliers Co. The original value of the paint was $1000 but Peter is a frequent customer so Fluffy Dog always gives Peter a 10% discount. You are the accountant for Peter's Painting Pty Ltd. The $100 discount will be recorded in the:
a. Purchase journal
b. Cash Payment Journal
c. General Journal
d. None of the above
Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-0078110894
6th Edition
Authors: Edmonds, Tsay, olds
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