Prepare journal entrles to record each of the following transactions. The company records purchases using the gross method and a perpetual inventory system.
September Purchased merchandise with an invoice price of $ and credit terms of h
September Paid supplier the amount owed on the September purchase.
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Journal entry worksheet
Purchased merchandise with an invoice price of $ and credit terms of
Note: Enter deblts before credits.
tableDateGeneral Journal,Debit,CredittableSeptember
Prepare journal entries to record each of the following transactions. The company records purchases using the gross method and a perpetual inventory system.
August Purchased merchandise with an invoice price of $ and credit terms of
August Paid supplier the amount owed from the August purchase.
Journal entry worksheet
Purchased merchandise with an invoice price of $ and credit terms of
Note: Enter debits beftert crecits.
tableDateGeneral Journal,Debit,CreditAugust Merchandise inventory,Accounts payable,,
