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What would the journal entry be?
sarahpollat
Nov 3, 2012, 05:28 PM
12/28 issued check no. 1600 for 45,342 to smith pipe company in payment of purchase order no. 317 the purchase order has a 1/15, n/30 on 12/19
paraclete
Nov 3, 2012, 11:35 PM
Examine the transaction is the payment within the discount period then you will have to gross up the net amount