On July 15,2024, the Niche Car Company purchased 2,400 tires from the Treadwell Company for...
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Accounting
On July the Niche Car Company purchased tires from the Treadwell Company for $ each. The terms of the sale were Niche uses a perpetual inventory system and the gross method of accounting for purchase discounts.
Exercise Algo Part
If Niche instead uses a periodic inventory system, explain any changes to the journal entries created in Parts and
tableThe July entry would include a debit to the,laccount instead of toThe July entry would include a credit to the,
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