Time RuHome Decor Co. purchases 8300 of curtains on account on June 5, with credit terms of 5/10,n/30. Annume Home Decor Co. pays on June 10, taking advantage of the discount. What is theAllamp1 Hourjournal entry on June 10?24/7Dr Accounts Payable 285, Cr Cash 205Dr Accounts Payable 300, Cr Purchase Discounts 15, Cr Cash 285Dr Purchase Diacounts 15; Dr Accounts Payable 205, Cr Cash 300O Dr Accounts Payable 300, Cr Inventory 15, Cr Cash 205O Dr Accounts Payable 300; Cr Cash 300

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Home Decor Co. purchases 3300 of curtains on account on June 5, with credit terms of 5/10, n/30. Annume Home Decor Co. pays on June 10, taking advantage of the discount. What is the journal entry on June 107 Dr Accounts Payable 285, Cr Cash 205 Dr Accounts Payable 300, Cr Purchase Discounts 15, Cr Cash 285 Dr Purchase Discounts 15; Dr Acounts Payable 285, Cr Cash 300 Dr Accounts Payable 300; Cr Inventory 15, Cr Cash 205 O Dr Accounts Payable 300; Cr Cash 300

Home Decor Co. purchases 3300 of curtains on account on June 5, with credit terms of 5/10, n/30. Annume Home Decor Co. pays on June 10, taking advantage of the discount. What is the journal entry on June 107 Dr Accounts Payable 285, Cr Cash 205 Dr Accounts Payable 300, Cr Purchase Discounts 15, Cr Cash 285 Dr Purchase Discounts 15; Dr Acounts Payable 285, Cr Cash 300 Dr Accounts Payable 300; Cr Inventory 15, Cr Cash 205 O Dr Accounts Payable 300; Cr Cash 300

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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