ile Edit View History Bookmarks Window Hel a newconnect.mheducation.com Help 4 O

Question

ile Edit View History Bookmarks Window Hel a newconnect.mheducation.com Help 4 On September 15, Krug Company purchased merchandise inventory from Makarov with an invoice price of $85,000 and credit terms of 2/10, n/30. Krug Company paid Makarov on September 28. Prepare any required journal entryf(ies) for Krug Company (the purchaser) on: (a) September 15, and (b) September 28. Assume Krug uses the perpetual inventory method 10 View transaction list Journal entry worksheet Record the credit purchase. Note: Enter debits before credits General Journal Debit Credit Date Sep 15 MacBook Air 8 4

Explanation / Answer

Date General Journal Debit Credit Sep. 15 Merchandise inventory $85,000 Accounts payable $85,000 Sep. 28 Accounts payable $85,000 Cash $85,000

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