Question: May 2 , Business purchased $ 3 , 9 0 0 inventory from UTC Inc. Term 2 / 1 0 , n / 3 0

May

2,

Business purchased $

3, 900

inventory from UTC Inc. Term

2 / 10,

/ 30

FOB

May

5,

business bought $

2, 150

inventory from the Milestone Inc. Term

1 / 15,

/ 30

FOB

May

6 .

Business paid $

370

shipping charges for the inventory purchased on May

5

May

7,

business found $

450

defective units from the May

2

purchase, returned them back to UTC Inc.

May

8,

business bought $

1, 125

inventory from BTView Inc. paid in Cash

May

20,

Business paid UTC Inc in full

Instead of paying UTC Inc on May

20,

What would be the entry if the business was paying UTC Inc on May

12 .

May

20,

business paid Milestone Inc in full

May2, Business purchased $3,900 inventory from UTC Inc. Term 2/10, n/30

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