Saturday

November 29, 2014

November 29, 2014

Posted by **Bobbi Loffredo** on Sunday, March 20, 2011 at 2:07pm.

1. prepare the journal entries to record the purchase by Thomas on November 17 and payment on November 26,2009, using the gross method of accounting for purchase discounts.

2. Prepare the journal entry to record the payment on December 15,2009, using the gross method of accounting for purchase discounts.

3. Repeat requirements 1 and 2 using the net method of accounting for purchase discounts.

**Answer this Question**

**Related Questions**

Calculus - If the derivative can be thought of as a marginal revenue function ...

Calculus - If the derivative can be thought of as a marginal revenue function ...

Calculus - If the derivative can be thought of as a marginal revenue function ...

Calculus - If the derivative can be thought of as a marginal revenue function ...

Calculus - If the derivative can be thought of as a marginal revenue function ...

math - Eddings Company had a beginning inventory of 400 units of Product XNA at ...

Linear Programming - I really really need help with this question, i've tried it...

math - a computer company can sell 1000 computers if they price them at $500. ...

Finance accounting - Eddings Company had a beginning inventory of 400 units of ...

accounting - Eddings Company had a beginning inventory of 400 units of Product ...