Record these transactions for July, 2022 Batch 1 July 2 Purchased $2,000 of Inventory on account, terms
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Question:
Record these transactions for July, 2022
Batch 1
July 2 Purchased $2,000 of Inventory on account, terms 1/20, n/45. (Tax rate:13%)
July 7 Sold to Zoe Financial Company on credit terms 2/15, n/30 $3,000. (Tax rate:13%)
Batch 2
July 15 Paid salaries for 2 employees: Luo Jie, $1,300 cheque #10 and Zheng Rui, $1,600 cheque #15
July 17 Paid for the July 2 purchase on cheque #20.
Expert Answer:
Related Book For 
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date:
