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Prepare journal entrles to record each of the following transactions. The company records purchases using...

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Accounting

Prepare journal entrles to record each of the following transactions. The company records purchases using the gross method and a perpetual inventory system.
8
September 15 Purchased merchandise with an invoice price of $65,000 and credit terms of 25, h/15,
September 29 Paid supplier the amount owed on the September 15 purchase.
Sklpped
Journal entry worksheet
1
2
Purchased merchandise with an invoice price of $65,000 and credit terms of 25,n15.
Note: Enter deblts before credits.
\table[[Date,General Journal,Debit,Credit],[\table[[September],[15]],,,],[,,,],[,,,],[,,,],[,,,]]
Prepare journal entries to record each of the following transactions. The company records purchases using the gross method and a perpetual inventory system.
August 1 Purchased merchandise with an invoice price of $90,000 and credit terms of 310,n30.
August 11 Paid supplier the amount owed from the August 1 purchase.
Journal entry worksheet
1
2
Purchased merchandise with an invoice price of $90,000 and credit terms of 310,n30.
Note: Enter debits beftert crecits.
\table[[Date,General Journal,Debit,Credit],[August 01,Merchandise inventory,90,000,],[,Accounts payable,,90,000],[,,,],[,,,],[,,,]]
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