On 1/6, Majid Commercial Markets bought merchandise for the amount of 96000 dinars, and the terms of payment (2/10, n/ 20). On 5/6, the markets returned part of the purchased goods for the amount of 12,000 dinars. On 9/6, the amount owed was paid. What is the payment entry that must be recorded in the records of Majid Commercial Markets: * 82320 to h/creditors, 82320 to h/fund 84,000 from h/ creditors, 1680 to h/ earned discount, 82320 to h/ fund

On 1/6, Majid Commercial Markets bought merchandise for the amount of 96000 dinars, and the terms of payment (2/10, n/ 20). On 5/6, the markets returned part of the purchased goods for the amount of 12,000 dinars. On 9/6, the amount owed was paid. What is the payment entry that must be recorded in the records of Majid Commercial Markets: * 82320 to h/creditors, 82320 to h/fund 84,000 from h/ creditors, 1680 to h/ earned discount, 82320 to h/ fund

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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