Conquest Company uses a perpetual inventory system. Conquest purchased $1,500 of merchandise on account and payment was made within the discount period. The credit terms were 2/10,n/30. Journalize Conquest’s purchase and payment

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Conquest Company uses a perpetual inventory system.  Conquest purchased $1,500 of merchandise on account and payment was made within the discount period.  The credit terms were 2/10,n/30.  Journalize Conquest’s purchase and payment

Darshita Changed status to publish February 17, 2020
0
No: Detail and description Debit $ Credit $
(a) Merchandise Inventory 1500
  Accounts Payable 1500
(b) Accounts Payable 1500
  Cash 1470
  Merchandise Inventory 30
Darshita Changed status to publish February 17, 2020

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