Menu
support@businesspapershelp.com
+1(805) 568 7317

question problem 8 3 assuming that purchases are recorded at gross amounts and that 4291796

Question

Problem 8-3

Assuming that purchases are recorded at gross amounts and that discounts are to be recorded when taken:

Prepare general journal entries to record the transactions.

 

Problem 8-3

Some of the transactions of Larkspur Company during August are listed below. Larkspur uses the periodic inventory method.

August 10

 

Purchased merchandise on account, $10,100, terms 2/10, n/30.

13

 

Returned part of the purchase of August 10, $1,300, and received credit on account.

15

 

Purchased merchandise on account, $14,400, terms 1/10, n/60.

25

 

Purchased merchandise on account, $18,400, terms 2/10, n/30.

28

 

Paid invoice of August 15 in full.

 

 

 

//<[CDATA[ (function(){window.pagespeed=window.pagespeed||{};var a=window.pagespeed;function b(){}b.prototype.a=function(d,e,c){if(d=document.getElementById(d))if(e=document.getElementById(e))if(c=document.getElementById(c))e.src=d.getAttribute(“src”),c.parentNode.removeChild(c)};b.prototype.inlineImg=b.prototype.a;a.b=function(){a.dedupInlinedImages=new b};a.dedupInlinedImagesInit=a.b;})(); pagespeed.dedupInlinedImagesInit(); //]]>//<[CDATA[ pagespeed.dedupInlinedImages.inlineImg(&#39;pagespeed_img_cbMbvp1ndl1&#39;,&#39;pagespeed_img_cbMbvp1ndl2&#39;,&#39;pagespeed_script_3&#39;); //]]>

 

 

 

"Order a similar paper and get 15% discount on your first order with us
Use the following coupon
"GET15"

Order Now