I am working on a journal entry and this is the question. I am not sure on what accounts I should use. Sunny Hotel Inc., purchased$8,300 worth of inventory from the A to Z Pool Supply on account, terms of 3/10, n/60. Some of the goods were damaged during shipment, so Sunny Hotel, Inc., returns $1,600of the merchandise to the A to Z Pool Supply. Read the requirements LOADING... Journalize the following transactions for Sunny HotelSunny Hotel,Inc. assuming the "net" method is utilized. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) a. Purchase of the goods Journal Entry Accounts Debit Credit a. 6700 6700
I am working on a journal entry and this is the question. I am not sure on what accounts I should use. Sunny Hotel Inc., purchased$8,300 worth of inventory from the A to Z Pool Supply on account, terms of 3/10, n/60. Some of the goods were damaged during shipment, so Sunny Hotel, Inc., returns $1,600of the merchandise to the A to Z Pool Supply. Read the requirements LOADING... Journalize the following transactions for Sunny HotelSunny Hotel,Inc. assuming the "net" method is utilized. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) a. Purchase of the goods Journal Entry Accounts Debit Credit a. 6700 6700
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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I am working on a
Sunny Hotel Inc., purchased$8,300 worth of inventory from the A to Z Pool Supply on account, terms of 3/10, n/60. Some of the goods were damaged during shipment, so Sunny Hotel, Inc., returns $1,600of the merchandise to the A to Z Pool Supply.
Read the requirements LOADING...
Journalize the following transactions for Sunny HotelSunny Hotel,
Inc. assuming the "net" method is utilized. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.)
Inc. assuming the "net" method is utilized. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.)
a. Purchase of the goods
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6700
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6700
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