A business purchases 40000 merchandise on credit terms


A business purchases $ 40,000 merchandise on credit terms 2/10, n 30 on June 6, 2009. If it pays for the merchandise on June 15, 2009 what is the journal entry required to record the payment.

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Accounting Basics: A business purchases 40000 merchandise on credit terms
Reference No:- TGS0597988

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