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How do record general journal entry in the sunlight accounts

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Reference no: EM132938359

Problem 1: Sunlight Co. purchased some inventory worth Rs. 50,000 from its vender on June 30, 2020. The company enjoyed a trade discount and cash discount of 12.5% and 7% respectively. Record a general journal entry in the sunlight accounts. Moreover, record the same entry in accounts from the vendor's point of view.

Reference no: EM132938359

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