Question: Record this transaction: Dobby & Dumbledor's Candy Store (DDCS) receives 12 candy dispensers from Potter's Plastics to be installed for its grand opening on June
Record this transaction: Dobby & Dumbledor's Candy Store (DDCS) receives 12 candy dispensers from Potter's Plastics to be installed for its grand opening on June 30. DDCS bought the dispensers for $2,000 each. DDCS is granted credit terms, which gives them 30 days to pay for the dispensers. What journal entry would be made at the time of the purchase? AMOUNTS ACCOUNTS $2,000 $2,000 CASH ACCOUNTS PAYABLE $24,000 $24,000 INVENTORY PROPERTY, PLANT, & EQUIPMENT JOURNAL ENTRY CREDIT DEBIT ACCOUNTS DATE 06/15/15
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