Journal entry worksheet Record the inventory purchased of $900 on account from Munoz with terms...
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Accounting




Journal entry worksheet Record the inventory purchased of $900 on account from Munoz with terms 2/10,n/30. Note: Enter debits before credits. Journal entry worksheet Record the payment in full for the inventory to Munoz. Note: Enter debits before credits. Journal entry worksheet Record the payment in full for the inventory to Green. Note: Enter debits before credits. Journal entry worksheet Record the inventory purchased of $350 on account from Reynolds with terms n/45. Note: Enter debits before credits. Durlng the months of January and February. Axe Corporation purchased goods from three suppliers. The sequence of events was as follows: January 6 Purchased goods for $1,280 from Green with terms 2/10,n/30. January 6 Purchased goods from Munoz for $980 with terms 2/10,n/36. January 14 Paid Green in full. February 2 Paid Munoz in full. February 28 Purchased goods for $358 from Reynolds with terms n/45. Required: Prepare Journal entrles to record the transactlons, assuming Axe records discounts using the gross method In a perpetual Inventory system. (If no entry Is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 5 Record the inventory purchased of $1,200 on account from Green with terms 2/10,n/30. Note: Enter debits before credits
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