Business, 29.10.2020 17:00 jennamcasey94
On November 15, 2018, Shields Company purchased inventory costing $6,200 on credit. The credit terms were 2/10, n/30. a. Assume that Shields Company paid the invoice on November 23, 2018. Prepare journal entries to record the purchase of this inventory and the cash payment to the supplier using the net-of-discount method.
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On November 15, 2018, Shields Company purchased inventory costing $6,200 on credit. The credit terms...
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