mahaam211 mahaam211

19-08-2017
Business

contestada

How do i journalize purchased merchandise on account from galsten co., $360,000, terms n/30?

Respuesta :

Aliwohaish12 Aliwohaish12

19-08-2017

To record the purchase of merchandise there are two methods:

1) under Perpetual Inventory System the entry is
Inventory (Dr) 360000
Accounts payable (Cr) 360000

2) under Periodic Inventory System the entry is
Purchase (Dr) 360000
Accounts payable (Cr) 360000

Answer Link

Otras preguntas

If two cities are 625 miles apart how far will they appear on the map

What was the role of Midwestern cities in the meat packaging industry

What is the slope of the line passing through the points (−3, 4) and (2, −1) ?

For the structures below classify them as the type of cell they are; Animal, Plant or Both: 1. Cell Membrane 2. Cell Wall 3. Centrioles 4. Cytoskeleton 5. Chlo

Ocean currents in the Southern Hemisphere curve in which direction?

2. Which of the following sentences is correct? A. A clause has a subject and verb, but a phrase does not. B. A clause is a group of related words, but

the turning point of the pacific war was the A. battle of wake island B. battle of the Philippines C. battle of leyte gulf D. battle of midway

What era is Earth presently in

This is my argument essay tell me how I should fix it or if it is good****** Should there be anti-bullying programs in every school? Bullying is a form of ag

Explain how you can use doubles when multiplying with 4 to find 4x8