On July 22, a company purchased merchandise inventory at a cost of $6,000 with credit terms 2/10, net 30. If the company pays for the purchase on August 7, what would be the appropriate journal entry?
Solved
Show answers
More tips
- C Computers and Internet How to Download Movies from Torrents?...
- S Style and Beauty How to Sew Harem Pants?...
- C Computers and Internet Е-head: How it Simplifies Life for Users?...
- F Family and Home How to Choose the Best Diapers for Your Baby?...
- F Family and Home Parquet or laminate, which is better?...
- L Leisure and Entertainment How to Properly Wind Fishing Line onto a Reel?...
- L Leisure and Entertainment How to Make a Paper Boat in Simple Steps...
- T Travel and tourism Maldives Adventures: What is the Best Season to Visit the Luxurious Beaches?...
- H Health and Medicine Kinesiology: What is it and How Does it Work?...
- O Other How to Choose the Best Answer to Your Question on The Grand Question ?...
Answers on questions: Business
- M Mathematics Sarah s car holds a maximum of 12 gallons of gas. The function f(g) = 3.50g models the relationship between the total cost of gas, 1(a), and the number of galions of...
- M Mathematics What is the best estimate of the percent of computers in the building that have viruses?...
- B Business Presented below is the balance sheet for hhd, inc., at december 31, 2016. current assets $ 676,000 current liabilities $ 476,000 investments 557,000 long-term liabilities...
Ответ:
The appropriate journal entry is:
Dr: Account Payable $6,000
Cr: Bank/Cash $ 6,000
Explanation:
The entry is recorded by Net amount as the 2% discount on Net price was allowed if payment is made within 10 days of purchase date of July 22,
but as the payment is made in August 7, no discount is allowed.
So the whole net amount of $ 6,000 need to be paid.
Ответ:
Hi, hope you’re having a good day!
The answer is
1. Barb fish
2. Newts
You can check it in google using.
Have a good day! ❤️❤️