- Goods costing $2240 are purchased on account on 18 July with credit terms of 2/7, n/30. On 20 July a $140 credit note is received from the supplier for damaged goods. Give the journal entry on 24 July to record payment of the balance due within the discount period.
Accounts payable Dr. 2100 (2240-140)... View the full answer
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- Apr 04, 2018 at 12:37am