Dawn Company uses a perpetual inventory system made a purchase of merchandise on credit troon...
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Dawn Company uses a perpetual inventory system made a purchase of merchandise on credit troon Carport 3, for $10.000, terms 2/10, 1/45. On August 10, Dawn makes the appropriate payment to the entry form Company is Dr. Accounts payables 10,000 Cr...Cash 10,000 Dr... Accounts Payable 10,000 Cr.. Purchase Returns and Allowances 140 Cr...Cash 9,860 Dr...Accounts payables 9.800 Cr...Cash 9,800 10,000 Dr...Accounts payables Cr...Inventory 200 Cr...Cash 9,800
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You can see the logs in the Dashboard.