Select Apparel purchased 90 new shirts and recorded a total cost of $2,829 determined as...
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Accounting
Select Apparel purchased 90 new shirts and recorded a total cost of $2,829 determined as follows: Invoice cost Shipping charges Import taxes and duties Interest (6.0%) on $2,330 borrowed from the bank to finance the purchase $2,330 184 175 140 $2,829 Required: Prepare the journal entry to record this purchase in the correct amount, assuming a perpetual inventory system. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the cost of the purchase, assuming a perpetual inventory system. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
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