Ndayambaje Eric
Feb 16, 2024
Jan. 2 Purchased merchandise on account from Ally Company, €30,000, terms 2/10, n/30. (Graves uses the perpetual inventory system.) Feb. 1 Issued a 6%, 2-month, €30,000 note to Ally.make journal?
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Feb 16, 2024
Jan. 2:
Accounts Payable - Ally Company 30,000
Merchandise Inventory 30,000
Feb. 1:
Notes Payable 30,000
Accounts Payable - Ally Company 30,000
Accounts Payable - Ally Company 30,000
Merchandise Inventory 30,000
Feb. 1:
Notes Payable 30,000
Accounts Payable - Ally Company 30,000
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