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    atoony's Avatar
    atoony Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Dec 26, 2012, 12:22 PM
    HiLite Co. purchased a machine for AED 30,000 less a 2% discount for early payment.
    HiLite Co. purchased a machine for AED 30,000 less a 2% discount for early payment. Freight charges of AED 500 were paid and insurance costs of AED 300 were paid during shipment. The machine cost AED 3,200 to install and testing cost AED 200.

    Required: Prepare the journal entry to record the purchase of the machine
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
    		  
    #2

    Dec 26, 2012, 01:53 PM
    What are you waiting for, christmas is over
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