On March 1, Sather Co. sold merchandise to Boone Co. on account, $32,400, terms 2/15, n/30. The cost of the merchandise sold is $17,500. The merchandise was paid for on March 14. Journalize the entries for Sather Co. and Boone Co. for the sale, purchase, and payment of amount due. Refer to the appropriate company’s Chart of Accounts for exact wording of account titles.

Answer rating: 100% (QA)

Journal Entries Sather Co Seller March 1 2024 Debit Accounts Receivable Boone Co 32400 Credit Sales ... View the full answer