On October 10, Nikle Company purchased supplies for $1,800 on the account. On October 25, Nikle Company
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Question:
On October 10, Nikle Company purchased supplies for $1,800 on the account. On October 25, Nikle Company paid the invoice.
Required:
(a) | Provide the journal entry for the purchase on account.* |
(b) | Provide the journal entry for the payment of the invoice.* |
*Refer to the Chart of Accounts for the exact wording of account titles. |
Related Book For
Cost Management Accounting and Control
ISBN: 978-0324559675
6th Edition
Authors: Don R. Hansen, Maryanne M. Mowen, Liming Guan
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