tmaster47
Nov 1, 2010, 05:46 AM
A company purchased 1,000 units of inventory on sept 25 and the cost per unit was $8>50. Terms of the purchase were 2/10, n/30. The invoice was paid in full on Oct 4. (Assume a perpetual inventory system)
Prepare the journal entries to fully reflect these Merchandise transactions
I am not sure how this is done?
Prepare the journal entries to fully reflect these Merchandise transactions
I am not sure how this is done?