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majestico majestico
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6 years ago
Kitchen Supply purchased $2,000 of merchandise, terms 2/10, n/60 on July 2, and prepared voucher #1001. Kitchen Supply paid the invoice on August 31.

Prepare journal entries to record the above transactions. Assume Kitchen Supply uses the gross method and the periodic inventory system for recording purchases. Omit explanations.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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LaffioLaffio
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majestico Author
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#2
6 years ago
Yeah, makes a lot more sense. Appreciate this quite a lot
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