Question

Assume ABC merchandize company purchase merchandize and 680000 on April 2016. A) Record the journal entry. B) Assume ABC purchase on account ( credit) and record the journal entry. C) Assume that the company purchase in terms of n/30 and record the journal entry. D) Assume the term invoices is 2/30,n/30 record the journal entry.

Jan 4, 2017

Related Questions

For the year ending December 31, 2010, Johnson Manufacturing Company had depreciation totaling $38,0... If a company purchases a 12-month insurance policy for $3600, what journal entry would be prepared t... #9 Unrecorded Liability: Adjusting Entry Refer to PE 4-8. (1) Make the adjusting entry necessary on... What is journal entry? Mention its features and rules for entry? Pass the journal entries: ABC tr...