FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Travis Company purchased merchandise on account from a supplier for $9,400, terms 2/10, net 30. Travis Company paid for the merchandise within the discount period.
Under a perpetual inventory system, journalize the entries required for these transactions. If an amount box does not require an entry, leave it blank.
a. Inventory
Accounts Payable
b. Accounts Payable
Cash
9,212
9,212
Alpha-numeric input field
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Transcribed Image Text:Travis Company purchased merchandise on account from a supplier for $9,400, terms 2/10, net 30. Travis Company paid for the merchandise within the discount period. Under a perpetual inventory system, journalize the entries required for these transactions. If an amount box does not require an entry, leave it blank. a. Inventory Accounts Payable b. Accounts Payable Cash 9,212 9,212 Alpha-numeric input field
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