On September 17 Company A acquires from supplier S 500 meters of cloth at an...
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Accounting
On September 17 Company A acquires from supplier S 500 meters of cloth at an agreed price of 5,95 $ per meter. Cloth arrives next day to company A warehouse.
Supplier S sends invoice to company A on October 2 and company A pays on October 5.
Record all journal entries that apply.
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