Genius

Journal entries on the books of Tri-State Carpet Company

Journal entries on the books of Tri-State Carpet Company 


Prepare the necessary journal entries on the books of Tri-State Carpet Company to record the
following transactions, assuming a perpetual inventory system (you may omit explanations):
(a) Tri-State purchased $40,000 of merchandise on account, terms 2/10, n/30.
(b) Returned $4,000 of damaged merchandise for credit.
(c) Paid for the merchandise purchased within 10 days.



Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help
Answered
Other / Other
01 Apr 2016

Answers (1)

  1. Genius

    Journal entries on the books of Tri-State Carpet Company

    Journal entries on the books of Tri-State Carpet Company ****** ******
    To see full answer buy this answer.
    Answer Attachments

    1 attachments —

    • img
      35276356.docx

Report As Dispute

Share Your Feedback

Give Review : A+ A B C D F