Question: Prepare the Journal Entry for the information below: Order $40,000 (by 12/31 current supplies are all used), GOB shipping with 2/10/net 60 (shipped 12/29, received

Prepare the Journal Entry for the information below:

Order $40,000 (by 12/31 current supplies are all used), 

GOB shipping with 2/10/net 60 (shipped 12/29, received 1/3, and paid for on 1/15)

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