Purchased inventory on credit from Horn Trading, R34 275.

Deposited cash sales for the first week, R9 000. Inventory is marked up at 50% on cost.
How can I enter this two separate transactions into the accounting equation?

1 answer

What is the accounting equation?
Similar Questions
    1. answers icon 0 answers
  1. . Journalize the following transactions using the perpetual inventory method.Aug. 6 Purchased $830 of inventory on account from
    1. answers icon 0 answers
  2. Question 4.1The following transactions appeared in the books of QwaQwa Traders during January 20.24 Transactions: 1. Credit
    1. answers icon 1 answer
    1. answers icon 0 answers
more similar questions