How do you journalize theses transactions?
8) Purchased $15000 food to sell; paid 1/3 in cash and the balance on account
10) Paid $30000 for a one-year insurance policy effective October 1, 2011
12) Purchased supplies for $2400 on account.
8) Purchased $15000 food to sell; paid 1/3 in cash and the balance on account
10) Paid $30000 for a one-year insurance policy effective October 1, 2011
12) Purchased supplies for $2400 on account.
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