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  • Apr 2 Purchased Merchandise Inventory On Credit Terms of 3 10

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    hassan taimour
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    Purchased various inventory and supplies on different payment terms: - Bought $2,800 inventory from Viking Co. on 3/10, n/60 credit terms on April 2nd. - Bought $300 office supplies from Danvers Supplies on net EOM terms on April 19th. - Bought $1,200 inventory from Westchester Sales on net 30 terms on April 24th.

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    Apr 2 Purchased Merchandise Inventory on Credit Terms of 3 10

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    Purchased various inventory and supplies on different payment terms: - Bought $2,800 inventory from Viking Co. on 3/10, n/60 credit terms on April 2nd. - Bought $300 office supplies from Danvers Supplies on net EOM terms on April 19th. - Bought $1,200 inventory from Westchester Sales on net 30 terms on April 24th.

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    © All Rights Reserved
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    15 views1 page

    Apr 2 Purchased Merchandise Inventory On Credit Terms of 3 10

    Uploaded by

    hassan taimour
    Purchased various inventory and supplies on different payment terms: - Bought $2,800 inventory from Viking Co. on 3/10, n/60 credit terms on April 2nd. - Bought $300 office supplies from Danvers Supplies on net EOM terms on April 19th. - Bought $1,200 inventory from Westchester Sales on net 30 terms on April 24th.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Apr 2 Purchased merchandise inventory on credit terms of

    3 10 #482
    Apr. 2 Purchased merchandise inventory on credit terms of 3/10, n/60 from Viking Co., $2,800.5
    Issued check no. 820 to purchase equipment for cash, $3,100.11 Purchased merchandise
    inventory for cash, $500, issuing check no. 821.12 Issued check no. 822 to pay Viking Co. net
    amount owed from Apr. 2.19 Purchased office supplies on account from Danvers Supplies,
    $300. Terms were n/EOM.24 Purchased merchandise inventory on credit terms of net 30 from
    Westchester Sales, $1,200.28 Issued check no. 823 to pay for insurance coverage, debiting
    Prepaid Insurance for $1,600.29 Issued check no. 824 to pay rent for the month, $
    1,700.Requirements1. Prepare headings for a purchases journal. Journalize the transactions
    that should be recorded in the purchases journal. The company uses the perpetual inventory
    system.2. Total each column of the purchases journal.View Solution:
    Apr 2 Purchased merchandise inventory on credit terms of 3 10

    ANSWER
    http://paperinstant.com/downloads/apr-2-purchased-merchandise-inventory-on-credit-terms-
    of-3-10/

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