How to go through the accounting cycle in the beginning

Reference no: EM13666883

How to go through the accounting cycle in the beginning accounting college course right now. I am having trouble with how to enter a transaction into the general journal. The transaction says, "The company purchases $68,000 of additional inventory. The company will pay the manufacturer 50% of the $68,000 in 10 days. The company will pay the remaining 50% in 30 days." How do I enter this information into the general journal?

Reference no: EM13666883

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