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Other Fields Homework Help Accounting Topic started by: H3Ko on Aug 28, 2016



Title: A company purchased inventory for $2,200 on account, and recorded the following journal ...
Post by: H3Ko on Aug 28, 2016
A company purchased inventory for $2,200 on account, and recorded the following journal entry:

Merchandise Inventory   2,200   
       Accounts payable      2,200

The vendor's invoice showed terms of 3/10, n/30. Give the journal entry for the payment of the invoice 17 days after the invoice date.


Title: Re: A company purchased inventory for $2,200 on account, and recorded the following journal ...
Post by: Tanks on Aug 28, 2016
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Title: Re: A company purchased inventory for $2,200 on account, and recorded the following journal ...
Post by: H3Ko on Oct 12, 2016
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.