Business, 13.03.2020 22:50 cam6836

Goods costing $2,000 are purchased on account on July 15 with credit terms of 2/10, n/30. On July 18, a $200 credit memo is received from the supplier for damaged goods. Give the journal entry on July 24 to record payment of the balance due within the discount period using a perpetual inventory system. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

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Goods costing $2,000 are purchased on account on July 15 with credit terms of 2/10, n/30. On July 18...

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