Problem 3 Examine the invoice below If Dino's After School paid the invoice of 5 30 17 on 6 6 17, record the journal entry that would be made for the payment of the invoice Invoice Date 5 30 17 Terms 2 10, n 30 Purchase of 25 textbooks at $11 25 each $281 25 Shipping and Handling $12 50 Total Due $293 75 This is my answer Does the journal entry look correct Date Accounts Debit Credit 6 6 17 Accounts Payable Textbooks $281 25 Cash $275 62 Payment Discount 2 $5 63 Inventory shipping handling $12 50 Accounts Payable $12 50

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Question: Problem # 3: Examine the invoice below. If Dino's After School paid the invoice of 5/30/17 on 6/6/17, record the journal entry that would be

Problem # 3: Examine the invoice below. If Dino's After School paid the invoice of 5/30/17 on 6/6/17, record the journal entry that would be made for the payment of the invoice.

Invoice	Date: 5/30/17
	Terms: 2/10, n/30
Purchase of 25 textbooks at $11. 25 each	$281.25
Shipping and Handling	$12.50
Total Due:	$293.75

This is my answer. Does the journal entry look correct?

Date	Accounts	Debit	Credit
6/6/17	Accounts Payable- Textbooks	$281.25
	Cash		$275.62
	Payment/Discount 2%		$5.63
	Inventory-shipping & handling	$12.50
	Accounts Payable		$12.50

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