ngageNowV21OrinXCengage Learning × agenow.com/ilrm/tak Super Ep S SunGard Higher

Question

ngageNowV21OrinXCengage Learning × agenow.com/ilrm/tak Super Ep S SunGard Higher Edu S Texas Southern Unive Twitter Macmillan Launchpe C Chegg Study Order akeAssignmentMain.do?invoker assignments&takeAssignmentSessionLocatore; assignment-take&inprogress; false O se Show Me How Calculalor Print Hem eBcok Purchase-Related Transactions Warwick's Co, a women's clothing store, purchased $14,000 of merchandice from a supplier on account, terms FOn destination, 1/10, n/30, Warwick's returned $2,100 of the merchandise, receiving a credit memo. d. Journalize Warwicks Co.,'s entry to record the purchase. b. Journalize Warwick's Co.'s entry to record the merchandise return. c. Journalize Warwicks Co. entry to record the payment within the discount perlod of ten days d. yournalize Warwick's Co. entry to record the parmont beyond the discoure oerid f td d. Journalize Warwick's Co, entry to record the payment beyond the discount period of ten days, IF an amount box does not require an entry, leave it blark 643 PM Check My Work

Explanation / Answer

a) Merchandise inventory 13860 Accounts payable 13,860 (14000*99%) b) Accounts payable 2079 merchandise inventory 2,079 (2,100*99%) c) Accounts payable 11781 cash 11,781 (13860-2079) d) Accounts payable 11,781 Discount forfoieted 119 Cash 11,900

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