October 13, 2015

Homework Help: bookkeeping

Posted by susue on Saturday, April 7, 2012 at 8:16am.

bought 153units (unassembled)at 15.76
bought 105 units (assembled)at 25.76
what is the ammount that should be entered in the accounts payable column
my answ245 brackets at .46 each
less2%discount taken
what amount should be debited to accounts payable?
my answer is c
what amount should be credited to puchase returns and allowances ?
my answer is 2.25

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