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You are an accounts payable clerk for a small manufacturer that creates designer flowerpots. ...

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Accounting

You are an accounts payable clerk for a small manufacturer that creates designer flowerpots.

1. Would you enter accounting transactions? 2. If so, what accounting entries would you make?

Scenario: Copy of vendor invoice #201 for $10,000 received on February 15 showing terms of net 2/10 Payment voucher with the vendor's name, the amount due, and terms with management approval Copy of the remittance advice sent to the vendor showing #201 included in the payment to the vendor on February 24

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