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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...

  1. 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.

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Accounts payable Dr. 2100 (2240-140)... View the full answer

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  • Kindly rate an appropriate answer please
    • vjvgoe
    • Apr 04, 2018 at 12:37am

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