Solution-Give the journal entry on july to record payment

Give the journal entry on july to record payment

Reference no: EM131143724

1. Goods costing $2,000 are purchased on account on July 15 with credit terms of 2/10, n/30. On July 18 a $200 credit memo is received from the supplier for damaged goods. Give the journal entry on July 24 to record payment of the balance due within the discount period using a perpetual inventory system.

Reference no: EM131143724

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Give the journal entry on july to record payment

Reference no: EM131143724

Reference no: EM131143724

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