Instagram Your stream on so Netfix Microsoft Ofnoe Home a YouTube :; Apps During
ID: 2564443 • Letter: I
Question
Instagram Your stream on so Netfix Microsoft Ofnoe Home a YouTube :; Apps During the months of January and February, Axe Corporation purchased goods from three suppliers. The sequence of events was as follows Jan. 6 Purchased goods for $2,000 from Green with terms 2/10, n/30. 6 Purchased goods from Munoz for $1,700 with terms 2/10, n/30. 14 Paid Green in ful Feb. 2 Paid Munoz in full 28 Purchased goods for $750 from Reynolds with terms 2/10, n/45 Prepare journal entry is required for a transactionlevent, select "No Journal Entry Required" In the first account entries to record the transactions, assuming Axe uses a perpetual inventory system. (If mo View transaction list Journal entry worksheet Record the inventory purchased of $2,000 on account from Green with terms 2/10, n/30. Note: Enter General Journal Debit Credit Clear entry View goneral journal MacBook Air FS 0888 4Explanation / Answer
Please note all values are in $.
In case of any clarification required please comment.
Date Particulars Debit Credit 6-Jan Purchase A/c 2000 To Green 2000 6-Jan Purchase A/c 1700 To Munoz 1700 14-Jan Green A/c 2000 To Cash A/c 1960 To Cash Discount received 40 2-Feb Munoz A/c 1700 To Cash 1700 28-Feb Purchase A/c 750 To Reynolds A/c 750