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    niroiny's Avatar
    niroiny Posts: 2, Reputation: 1
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    #1

    Jul 22, 2010, 10:30 AM
    Journal Entry
    A business purchases $ 40,000 merchandise on credit terms 2/10, n 30 on June 6, 2009. If it pays for the merchandise on June 15, 2009 what is the journal entry required to record the payment.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Jul 23, 2010, 07:25 PM

    Please see the guidelines for posting homework problems:
    https://www.askmehelpdesk.com/financ...-b-u-font.html
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