Question: please help with these two journal entries!! QS 4.7 (Algo) Recording purchases and discounts missed LO P1 Prepare journat entries to record each of the
please help with these two journal entries!!
QS 4.7 (Algo) Recording purchases and discounts missed LO P1 Prepare journat entries to record each of the following transactions. The company records purchases using the gross mothod and a perpetual inventory system. Septeaber is parchased nerchandise with an involice price of sas, eee and credit terns of 2/5, B/25. septenber 29 Paid supptier the anount owed on the septesber is purchase. Journal entry worksheet 2 Purchased merchandise with an imvolce price of $55,000 and credit terms of 2/5, N/45. Ender atisu before a
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