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Title: On June 1, Kennedy Company purchased $9000 of inventory on account from Sterner Company. Sterner ... Post by: kourtni on Jul 22, 2018 On June 1, Kennedy Company purchased $9000 of inventory on account from Sterner Company. Sterner Company offers a 3% discount if payment is received within 15 days. Kennedy Company records the purchase using the net method and the perpetual inventory system. The journal entry on June 1 by Kennedy Company includes ________.
A) a debit to Inventory for $9000 B) a credit to Accounts Payable for $9000 C) a credit to Cash for $8730 D) a debit to Inventory for $8730 Title: On June 1, Kennedy Company purchased $9000 of inventory on account from Sterner Company. Sterner ... Post by: bobyjaw on Jul 22, 2018 Content hidden
Title: On June 1, Kennedy Company purchased $9000 of inventory on account from Sterner Company. Sterner ... Post by: kourtni on Jul 22, 2018 You're an excellent tutor!
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