Question: Journal entry worksheet 3 4 5 Allied made its first and only purchase of inventory for the period on May 3 for 2,000 units at

 Journal entry worksheet 3 4 5 Allied made its first and
only purchase of inventory for the period on May 3 for 2,000

Journal entry worksheet 3 4 5 Allied made its first and only purchase of inventory for the period on May 3 for 2,000 units at a price of $10 cash per unit (for a total cost of $20,000). Note: Enter debits before credits. General Journal Debit Credit Date May 03 Journal entry worksheet 2 3 4 5 6 7 8 Dollar Store purchases merchandise for $1,500 on terms of 2/5, n/30, FOB shipping point, invoice dated November 1. Note: Enter debits before credits. General Journal Debit Credit Date Nov 01 Record entry Clear entry View general jour

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